The Market System
By: Jesus Marin
Mixed Market System
A mixed market system is where there is no central person in control of resources.
A command system is where the government takes ownership of materials and production.
Factors of Production
The factors of production are owned by government, households, and companies.
Factors of production are land, labor, capital, entrepreneurs
Why mixed Economy is preferred.
Mixed economy is the better one because people have more freedom and the government is not in control of all the production of capital items.