ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -In conclusion the UK has a mixed economy, developed through free market and global economy, which is regulated by the Governnment to prevent market failure. The mixed market economy allows the market to operate and the government to only intervene where the market fails.

Detailed explanation-2: -The U.S. has a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces the free market when it comes to capital use, but it also allows for government intervention for the public good.

Detailed explanation-3: -ENGLAND is a mixed economy’s country, beside other country such as ICELAND, SWEDEN, FRANCE UNITED STATES, RUSSIA, CHINA and HONG KONG. These are the countries’ economy is mixed, in those economy society some of the part is manged by the government and the rest it controlled by the private firms and the individuals.

Detailed explanation-4: -The Brazilian economy is the third largest in the Americas. The economy is a middle income developing mixed economy. In 2022, according to International Monetary Fund (IMF), Brazil has the 12th largest gross domestic product (GDP) in the world and has the 8th largest purchasing power parity in the world.