How Do They Compare?
Mixed Market System
Controlled by the Government
Quality of output decided by the government
Quality of output is decided depending on the demand for products & resources
Prices are set up by the government
Prices set up by
supply & demand
land & resources
Resources & land bought & traded amongst individuals
Controlled by private owners. (No Government influence)
Mixed Market Systems are preferred because they allow individuals to make their own business decision and put their own ideas into play.
Karp, D. R., & Gaulding, C. L. (1995). Motivational underpinnings of command-and-control, market-based, and voluntarist environmental policies. Human Relations, 48(5), 439-465.
CREATED BY Mysrra X. Macias-Higuera