Advantages Disadvantages of a Mixed Economy?


One of the advantages of a mixed economy is that there is less inequality of income, since the intent is for the economy to have a balanced growth. One of the disadvantages is that favoritism and bureaucratic unfairness is prevalent in a mixed economy.
Q&A Related to "Advantages Disadvantages of a Mixed Economy?"
Free markets allow businesses to provide needed goods and services to customers without regulatory hinderances. Producers can freely assess the resources available and meet customers
Some advantages include: It mixes the benefits of capitalist nature of private companies and socialist nature of the government. Looks to balance economic growth of the economy and
However, mixed economies also have disadvantages,
Mixed economy has several meanings. One of which is to mix "socialist" and "capitalist" aspects. Another meaning is to have a variety of capital producing markets
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