As you know, you live in a nation with a mixed economy. Think about its advantages and disadvantages.

If you could bring any components of other types of economies what would they be, and why? Describe the strengths of your choice and explain what weakness of the mixed economy it might address. What issue(s) in America's mixed market would your changes address? How would your proposal changes benefit people. Be specific as possible.

Explanation: Strengths are that there are private owned sectors of the market allowing individuals to create their own business plans. Protection of private property. Some say that the market drives invention and design and improved products. You get the best things, they have a higher cost. Supply and demand determine fair prices. Innovation is promoted. There are standards of employment and allows for the players to act with their own self interest and make huge increases in their socio economic status.

Negative: they stress profit, there is corruption and mismanagement at all levels, it creates economic inequality, wealth is not evenly distributed and few have lots and lots have little. inefficiency and he working class can be exploited.

I think a mixed economy with some of the social safety nets and government regulations could be borrowed from a socialist style or commanded system. I would argue that we are turning more into a market economy than mixed- with more emphasis on the individual benefits and not the overall well being of the people.