Mixed Economies (500)

By definition, no economy is purely market determined or centrally planned. The United States and the former Soviet Union represent different ends of the spectrum of mixed econ­omies. In practice, however, mixed economies generally have a higher degree of government intervention than is found in the United States and a greater degree of reliance on market forc­es than is found in the former Soviet Union. Government in­tervention can be regarded in two ways: actual government ownership of means of production and government influence in economic decision making.

Vocabulary list:.

to define — определять, давать определение;

definition — определение;

mixed — смешанный;

allocation — размещение, распределение;

allocation of resources — распределение ресурсов;

property — собственность;

ownership — владение, собственность, право собственности;

private — частный;

public — государственный;

postal service — почтовая служба;

utilities — коммунальные службы;

to consume — потреблять;

supply — предложение;

demand — спрос;

adequate — соответствующий;

to purchase — приобретать;

gap — пропасть, разрыв;

to evolve — возникать;

fringe benefits — дополнительные льготы;