Geography economies

************* ********** *********** ** employment ********* * standardized ******* system and maintenance ** ***********

** A mixed economy means that **** ** the ******* is **** ** *** **** ****** and part ** ** ** run ** the ********** ** ******* **** ********* *** mixed with ******* ******* ** ***** ************ ***** ********* ***** **** *** basis ** ******** ******* ********** ** *** most ******** Then *** *********** ********* ** ******* ***** of *** ******* such as ********** *** spending ***** ** public servicesExamples of ***** ************** ** government spending ** a * of ***** ******* ******* ****** (52%)· ****** ******** ****** ******* ****** ****** ****** ***** ****** ***** ***** *** 20% of GDP· **** **** 186%All *** ***** ********* *** ***** Some of ******* ** ******* by *** ********** *** rest **** to ******* ***** *** ****************** ***** are different ******* ** state ************ ******** ********* **** as ****** *** ****** **** * ******** ***** ** social security spending ********* and ****** **** are **** ** *** ***** of ** ** *** ** ********** ******** ** a ***** of *** ** ***** *** ****** **** *** ** ** paid ***** economies ******* *** ********** ***** **** a ****** share ** ***** ******** ********* countries such as ** ******* Europe often ****** ** ******* state welfare ******* *** greater government regulation of *** environment *** ******** ********************* of ***** economies· **** ******** and ******** *** be left ** ******* firms ******* firms **** ** be more ********* **** ********** ********** ***** ******* **** **** a ****** incentive ** cut ***** and ** ************ ***** ********* can ****** *** ****** ** ********** ********** *** ********** ******* ********* ** ******** ********* ***** economies *** enable **** ********** ********** in ***** where ***** ** market failure **** *** ********** ********** on *** ***** of ******** ***** ** ******* ******* ******* excessively **** ******** ******** and ********** ** goods **** negative ************* ** *********** Subsidy ** state support *** ***** and services ***** **** to ** ***** consumed in * **** ****** **** *** ******* public ***** like police *** national defence *** ***** goods **** education *** ****** ****** A mixed ******* *** ****** greater ******** *** ******* * ********* ****** ** prevent ****** ****** ** absolute ******* ** *** **** time * mixed ******* *** enable ****** to enjoy *** ********* ******* of **** **** *** ****************** ********** *** pursue ******** ** provide ************** ********* ** ************ ****** ****** in ***** ** * recessionDisadvantages ***** *********** *** ** difficult to know *** **** *********** should intervene ** ************* fiscal ****** *** create *********** ******** **** ** government *********** Mixed ********* *** ********** by socialists *** ******** *** much market ****** ******* ** ********** *** an *********** allocation ** resources· ***** ********* *** criticised by free market economists *** ******** *** much ********** ************ ************ ***** **** *********** **** **** **** managers ** *** ******* invariably ***** ********** ** ********* and short-term ******************* ** ******* ** ******* *** * ***** ******* ** ******* **** the **** ****** ****** ********** argue ** **** a ****** ** ********** intervention – ** only ** protect private property For ******* **** ***** ** ********* ** ********** ****** *********** needed ** ******* *** ************ ********** *****