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asked 8 months ago
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Mixed
Benefits - Individual and Government views are present
- They are helpful in increasing national production
- Provides freedom of business ownership and profit earning
- Social Welfare and Political Freedom are also offered
- There are a variety of goods available
- As well as government support and guidance
- Mixed economies try to subsidize (rent) industries rather than own then
- There are tax breaks and other incentives offered
- All individuals Prosper as the community prospers
Draw backs - Not helpful in achieving optimal use of natural resources
- They suffer from the drawback from both market and planned economies
- If the community begins to suffer, all individuals are affected
Hope that helps :) ~ Jamie Hudson
Benefits - Individual and Government views are present
- They are helpful in increasing national production
- Provides freedom of business ownership and profit earning
- Social Welfare and Political Freedom are also offered
- There are a variety of goods available
- As well as government support and guidance
- Mixed economies try to subsidize (rent) industries rather than own then
- There are tax breaks and other incentives offered
- All individuals Prosper as the community prospers
Draw backs - Not helpful in achieving optimal use of natural resources
- They suffer from the drawback from both market and planned economies
- If the community begins to suffer, all individuals are affected
Hope that helps :) ~ Jamie Hudson
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