Essay Prompt:
Most societies today have found that a mixed market system is the best way to address their economic needs. Why do you think this is? Discuss the weaknesses of command and pure market economies (you don’t need to discuss traditional economies), and how mixed market economies deal with these weaknesses. Please support your answer with details and examples from what we’ve covered in class including incentives, public goods, externalities, competition, monopolies, stability, equity, etc. Make sure you explain these concepts and connections. Explain what these concepts are, why/how they may be a problem, and why they are associated with a particular system.
Your essay should be typed (printed), double spaced, in 12 point type with at least 1 inch margins. You will also need to submit it electronically to Turnitin.com
Turnitin.com login info
Class ID: 12279493 (choose the assignment for your period)
Class Enrollment Password: bahm
Total: /50