Mixed Economy By: Alba Ago, Danielle Downey, Anthony

Romeo, and Marc Garcia

Identify the islands resourcesFind food

fish, birds, mammals, berries, insects, frogs Shelter Make a fire

Use for foodWarmth Ward off dangerous animalsSmoke signal

Find water Boil ocean water Collect rain water

Define the Economic SystemMixed

This economic system has a mixture of Capitalism and Socialism.

Allows private economic system allows level of private economic freedom.

Allows government to interfere in economic activities to achieve social aims.

The people have a say in what happens, but the government can step in.

Countries that Use Mixed Economy United StatesCubaSwedenNorway

Advantages/Disadvantages of a Mixed EconomyAdvantages DisadvantagesThe people have a say in

what they want, but if it gets out of hand the government can step in and help.

People have the choice to own private property.

The government can step in when help is not needed.

Fear of Nationalization

3 basic Economic QuestionsThe individuals decide what goods and

services are to be produced. The people make the decisions about

production, but the captain/government has the authority to step in if need be.

Both the people and the government decide who receives what is produced.