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Mixed Economy Systems I A Level and IB Economics

​In this short video we look at the concept of a mixed economy as a form of economic system. An economic system is a network of organisations used to resolve what, how much, how and for whom to produce i.e. a way of addressing the basic economic problems of scarcity , sustainability and equity. In a mixed system, some factor resources are owned by the public sector (i.e. the government or the state) and some are owned by the private sector. #aqaeconomics #ibeconomics #edexceleconomics