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what are the advantages and disadvantages of mixed economies ?

April 26, 2017EconomicsEconomics

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Chinmayee Dash Posted

what are the advantages and disadvantages of mixed economies ?

1 Answer

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Martin Luth Posted

Advantages
    State provides the essential services
    Private sector encouraged for profits
    Competition keeps prices low
    Consumer choice
    Inefficient business behavior controlled
Disadvantages
    Heavy taxes reduce incentives to work hard or make profits
    Less efficient than private sector
    Excessive control over business activity can add costs and discourage enterprise.
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