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It is a an economic system combing private and public enterprise.

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Would our group like to live in a mixed economy? (Louis's Take)

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Would our group like to live in a mixed economy? (Louis's Take)

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I would not like to live in a mixed economy. I personally believe that a Command Economy and a Communist Society. I think that a Mixed economy provides too much class inequality and suffering than a communist society where everyone belongs to the same class and work as a collective society for the greater good of the state. This means that nobody can rise above anyone else. I will admit, Communism does have flaws, but in a smoothly operating society, happiness would be better knowing that there is no oppressor (the Bourgeois) to the oppressed (the proletariat), like in a mixed economical system.

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would our group like to live in this form of economy? (Rory's take)

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would our group like to live in this form of economy? (Rory's take)

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Yes I would like to live in this form of economy, it allows for the government to take care of the larger needs, the individual needs are taken care of by the individual.  This system allows for individuals to make money if motivated. Some of the issues with a command economy is the fact that it is designed to be implemented in a perfect society. However the world is nowhere near a perfect society. We have seen many historical examples of true communism moving into dictatorships (Soviet Russia, Cuba, China, Vietnam, East Germany, etc). A mixed economy also has several economies mixed into one to create the ultimate economy.

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1. The Commonwealth of Australia
2. The United States of America.
3. The Irish Republic
4. South Korea

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>  The Balance.Com
https://www.thebalance.com/mixed-economy-definition-pros-cons-examples-3305594

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> The mixed economy can form an oligarchical system if not regulated properly.
> This oligarchical system can lead to massive debts for the proletariat class, and the nation as a whole.
> There is massive class inequality in a Mixed Economy. The top 1% of the population gather all the wealth, meanwhile the lower classes, the proletariat, have to suffer while the bourgeoisie sit in their comfortable beds racking up the dollar bills.

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1.  The larger needs are taken care of by the government, smaller things are taken care of by the individuals.
2. A mixed economy benefits from 2 different characteristics of economy.  First a market economy because it protects private property, second it allows the free market and the laws of supply and demand to determine prices of various things, third it is motivated by the individuals interest.  It also has some characteristics of a command economy. Due to the fact that the federal government protects the people and the market. The government also can play a large role in the military, and international trade, and transportation.
3. Finally it rewards the most motivated/efficient individuals with the greatest profit. This also benefits the customers as well, they get the most value for their dollar.