state limitations of Mixed economy (about 3 points necessary)
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Answer:
One disadvantage of mixed economies is that they tend to lean more toward government control and less toward individual freedoms. Sometimes, government regulation requirements may cost a company so much that it puts it out of business. In addition, unsuccessful regulations may paralyze features of production. This, in return, can cause the economic balance to shift.
Another negative is that the government decides the amount of tax on products, which leads to people complaining about high taxes and their unwillingness to pay them. Moreover, lack of price control management can cause shortages in goods and can result in a recession.
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Answer:
One disadvantage of mixed economies is that they tend to lean more toward government control and less toward individual freedoms. Sometimes, government regulation requirements may cost a company so much that it puts it out of business. In addition, unsuccessful regulations may paralyze features of production.
A mixed economy also minimizes the disadvantages of a market economy. A market economy could neglect areas like defense, technology, and aerospace. A larger governmental role allows fast mobilization to these priority areas. The expanded government role also makes sure less competitive members receive care.
List of Advantages of Mixed Economy
It promotes a quick economic development. ...
It creates a balance in regional developments. ...
It encourages lesser income inequality. ...
It provides the freedom to own a private property. ...
It brings about the fear of nationalization. ...
It could risk the government to go too far.
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