Respuesta :
Certainly! In a planned economy, the government holds significant control over the allocation of resources, production decisions, and the distribution of goods and services. This control extends to setting production targets, determining what goods are produced, and often directly managing state-owned enterprises. Profit motives are typically subordinated to societal goals, with profits being reinvested or distributed according to government directives rather than being the primary driver of economic activity.
On the other hand, in a mixed economy, the role of government varies but generally involves regulating economic activity and intervening in specific sectors or industries to ensure fair competition, consumer protection, and social welfare. While profit remains a significant incentive for businesses, the government may implement policies and regulations to mitigate negative externalities, address market failures, and promote equitable distribution of wealth.
In terms of the whiphol factors of motion, in a planned economy, factors of production are allocated according to government plans and directives, which may not always efficiently respond to changing conditions or accurately reflect consumer preferences. This can lead to inefficiencies and resource misallocation. In contrast, a mixed economy allows for a more flexible allocation of resources, influenced by both market forces and government policies, which enables greater responsiveness to changes in supply and demand.
Similarly, regarding prices, in a planned economy, prices are often set by the government, either directly or through state-owned enterprises, and may not accurately reflect supply and demand dynamics. This can result in distortions and shortages in the market. In a mixed economy, prices are primarily determined by supply and demand in the market, although the government may intervene to correct market failures, address social concerns, or stabilize prices in certain essential sectors.
In summary, while planned economies emphasize central planning and government control to achieve societal goals, mixed economies strike a balance between market forces and government intervention to promote economic efficiency, social welfare, and stability.
Hope that helps you out!
On the other hand, in a mixed economy, the role of government varies but generally involves regulating economic activity and intervening in specific sectors or industries to ensure fair competition, consumer protection, and social welfare. While profit remains a significant incentive for businesses, the government may implement policies and regulations to mitigate negative externalities, address market failures, and promote equitable distribution of wealth.
In terms of the whiphol factors of motion, in a planned economy, factors of production are allocated according to government plans and directives, which may not always efficiently respond to changing conditions or accurately reflect consumer preferences. This can lead to inefficiencies and resource misallocation. In contrast, a mixed economy allows for a more flexible allocation of resources, influenced by both market forces and government policies, which enables greater responsiveness to changes in supply and demand.
Similarly, regarding prices, in a planned economy, prices are often set by the government, either directly or through state-owned enterprises, and may not accurately reflect supply and demand dynamics. This can result in distortions and shortages in the market. In a mixed economy, prices are primarily determined by supply and demand in the market, although the government may intervene to correct market failures, address social concerns, or stabilize prices in certain essential sectors.
In summary, while planned economies emphasize central planning and government control to achieve societal goals, mixed economies strike a balance between market forces and government intervention to promote economic efficiency, social welfare, and stability.
Hope that helps you out!
