The Mixed Economic System

The resource explins the mixed economic system
It describes government intervention to address market failure -
Definitions, drawing and interpretation of appropriate diagrams showing
the effects of three government microeconomic policy measures:
maximum and minimum prices in product, labour and foreign exchange
markets; indirect taxation; and subsidies.
Definition only of government microeconomic policy measures:
regulation; privatisation and nationalisation; and direct provision of
goods.
The effectiveness of government intervention in overcoming the
drawbacks of a market economic system. Prepared for IGCSE Economics.