Blended Economy1

A blended financial system is a system that combines characteristics of market, command and traditional economies. It advantages from the blessings of all three while laid low with few of the disadvantages.

A combined economy has 3 of the following characteristics of a market financial system. First, it protects personal property. Second, it lets in the free marketplace and the legal guidelines of deliver and demand to determine prices. Third, it's miles driven by using the incentive of the self-interest of individuals.Blended Economy

A blended economy has some traits of a command economic system in strategic areas. It permits the federal authorities to safeguard its people and its market. The government has a big position in the military, worldwide trade, and country wide transportation.

The government’s function in other areas depends at the priorities of the citizens. In some, the authorities creates a critical plan that guides the economy. Other combined economies allow the government to own key industries. These include aerospace, strength production, or even banking. The government might also also manipulate fitness care, welfare, and retirement programs.