what are the advantages of a mixed economy?
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A mixed economy is a system that combines characteristics of market, command and traditional economies. It benefits from theadvantages of all three while suffering from few of the disadvantages. ... It allows the federal government to safeguard its people and its market.
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Advantages of Mixed Economy
1) Since this economy involves both government and private enterprises it has the advantage of taking the benefits of capitalist nature of private companies and socialist nature of government.
2) There is less inequality of income because intent of government is to have a balanced economic growth of an economy.
3) It allows individuals to run their business and make profits but at the same time it places some responsibility on these companies by inducing them to contribute towards the welfare of society.
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1) Since this economy involves both government and private enterprises it has the advantage of taking the benefits of capitalist nature of private companies and socialist nature of government.
2) There is less inequality of income because intent of government is to have a balanced economic growth of an economy.
3) It allows individuals to run their business and make profits but at the same time it places some responsibility on these companies by inducing them to contribute towards the welfare of society.
Hope it helps you dear
shareen1:
thank you so much!
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