Question

state and explain two advantages of a mixed economy

Answer 1

Answer:

$\mathbb{\huge{\underline{\underline{\red{ANSWER}}}}}$

Advantages of a mixed economy-

• The term Mixed Economy is very broadly defined and has been used to describe economies as diverse as the United States and Cuba.
• The means of production are privately owned, and markets remain the dominant form of economic coordination. However, governments wield significant influence over the economy through monetary and fiscal policy and regulation.

Answer 2

Answer:

A mixed economy permits private participation in production, which in return allows healthy competition that can result in profit. It also contributes to public ownership in manufacturing, which can address social welfare needs. ... This security helps maintain a stable economy.

The Advantages of a Mixed Economy:

》A mixed economy permits private participation in production, which in return allows healthy competition that can result in profit.

》It also contributes to public ownership in manufacturing, which can address social welfare needs. ...

》This security helps maintain a stable economy.

Explanation:

MARK IT AS BRAINLIEST

HOPE IT HELPS

FOLLOW ME