Principal of Microeconomic

Definition Mixed economic system can be defined as an economic system that combines both a free market system and the system of planned economy.   In other words, under the system of mixed economy, most goods and services will be solved using the price mechanism and partly solved by the government. Characteristics of mixed economy system. There are some features of this mixed economic system.   Among these are; a.   Users have the ownership on the factors of production. b.   Users make economic decisions on purpose to maximize satisfaction. c.   Operators for the purpose of making economic decisions to maximize profitability. d.   There is government intervention in the economy, namely in the form-impose taxes on consumers and producers.   -To provide subsidies to consumers and the manufacturers are involved in the supply of goods and services-Providing control over the private sector through legislation. Method of solving the economic base. In the mix...