Mix way economy is also known as mid way economy. Mix economy/ mid way, economy is one where resources are owned by the government and by the private sector. The basic question of
· What to produce
· How to produce &
· For whom to produce
Will be answered by the government and the private sector. The resource allocation will be made by both the sector. There will be government planning and private sector will take decision based on customer preference.
The vast majority of countries around the world have some form of mixed economy where some resources are allocated through the price or market mechanism and other are allocated by the state. In theory, such a system is able to combine the best element of both a planned economy and a market economy. In reality the proportion of planned and market varies, with some countries placing more emphasis on market solution to resources allocations another favoring a greater role for estate for planning.
One example of mix economy /mid way economy is:
MAURITIUS
Automated tailor machine known as ATM
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The long and short of it is--Yes. You signed a promissory note--you promised to pay and you haven't.
To conduct a short-sale transaction, the bank(s) holding the mortgage(s) have to agree to a short-sale. If your name is not on the Mortgage, technically you don't have a right to conduct a short sale. Even if you "own" the house (which will be in question during the entire process), the holders of the Mortgage note(s), typically banks or finance companies, actually have primary ownership of the asset (the house). If you are able to complete a short-sale, even though you are not on the mortgage note, as an owner the bank holding the note may ask you to take partial responsibility for the difference between sale price and mortgage value, or even to put in equity immediately to avoid a short sale situation. If this occurs, and you cannot pay, you will end up with a debt and a schedule to pay that debt. Adding any debt will negatively affect your credit score.
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