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What Are The Drawbacks Of Mixed Economy?

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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
    0 0

    J-hudson 

    answered 7 months ago

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