What Is The Merits&demerits Of Mixed Economy?

The mixed economy is an economic system in which two sectors exist: Public and private sector. Both these sectors help in making economic system of the country. Advantages of mixed economy in that, lots of goods are available. The mixed economy helps increasing national production in the state. Both public and private sectors work to introduce more production in the market. The problems formed by free enterprise and public control are resolved with the help of mixed economy. It gives liberty of enterprise ownership and profit maximization. All the national recourses are used under mixed economy. This type of economy is half way house. It is not useful in getting best use of national resources. There lack of co-operation between private sector and public sector. In Mixed economy the public sector develop fast, therefore the government expenses increases many time ,in contrast government returns are always short for it.