Topic > Essay on the mixed market economy - 550

Introduction In this essay I will discuss the characteristics of the Scottish mixed market economy, describing four aspects of the Scottish economy; Tourism, unemployment, growth and the national health system. Scotland's mixed market economy Scotland's economy is a mixed market, where production is shared between the private and public sectors. The private sector is the part of the economy that is not controlled by the government, and is instead run by individuals and for-profit companies. It consists of for-profit and non-government owned/operated businesses, while the public sector is the part of the economy controlled by the government, such as the police, primary education, public transport, healthcare, etc. as well as services that benefit society as a whole, such as public education. Tourism In 2012, almost fifteen million overnight tourism trips were made to Scotland, resulting in visitor spending of £4.3 billion. This shows that tourism really helps the Scottish economy as over one hundred and forty million tourist trips per day w...