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The mixed market economy and the allocation of resources.

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  • Essay length: 1327 words
  • Submitted: 08/03/2004
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GCSE Economy & Economics

The first 200 words of this essay...

Anna Markmann

26.10.03

The mixed market economy

and the allocation of resources

Essay Outline

A Introduction: 10%

* Economics: Basics - problems, consequences

* Short definition of a planned/command economy

* Characteristics of a planned/command economy:

No class conflict (marx)

public ownership, planned production, scarce resources allocated by the government

no private property, no self interest in profit, no competition, fixed supply, no choice

B Main Body: 75%

I Positive features (Theory)

(Webnote #113, 109:) further social goals=individual goals/ "state looks after you"

* Equal (re-)distribution of wealth and income / employment

* Current spending: social welfare, government employees, defence, education, health, pensions, debt repayments

* Capital spending: Infrastructure: airports, housing, road&rail, schools, telecommunications

* Provision of essential services, law and order, cultural affairs, international relations, social issues

= no abuse of monopoly powers

* (quick) Economic Growth (from a poor background)

* Trade

* FOP mobility because of government's help + "effective" use of FOPs = no unemployment, no inflation

* stable prices, advertising and currency: government determines price, not determine by constantly changing/insecure

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