What is Mixed Economy | Types | Capitalist and Socialist Economy

 Mixed Economy Mixed economy is an economy which combines the element  of both the capitalist and socialist economies. It attempts to combine the best features of both capitalism and socialism while excluding the Demerits of Both.   Two types of Mixed Economy      1. Government does not directly undertake Production activity. This exists in most of the developed countries such as the USA, UK, etc.     2. Where Government not only Regulates the Private Sector, But also Participates in the Production activities.     Features of Mixed Economy Co - existence of Public and Private Sectors. Features of both Capitalism and Socialism. Government regulates and controls the Private Sectors. Price mechanism Profit Motive. Capitalist Economy   In Capitalist  form of economic system the means of Production and Distribution are Privately own,  and Production is guided Largely through Operation of markets.    ...
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What is Global economic environment | Global Market Condition | Four Major changes are -

Global Economic Environment 

The international economic environment can be described as the global factors that are outside of the control of individual organizations but that can affect the way that businesses operate.

External factors found in the macroeconomic environment can also affect organizations' decision-making and performance activities. They include cultural and social influences, legal issues, demographics, and political considerations, as well as changes in the natural environment and technology.

Formula - Gross National Product + Investment that were made by residents of that nation is some other foreign Nation - Revenue that as Generated by foreign People ho Invested in that Country.

Global Market Condition

The Economic environment is a major determinant of Global Market Potential and opportunity. 

     Four Major changes are -
  • The Capital movement and trade have become the Driving Force of the Global Economy.
  •  Production have Become uncoupled from Employment
  • Primary Product Have become uncoupled from the industrial Economy.
  • The world Economy is in control - individual nation are not, despite the large world economic shares of USA and JAPAN .
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