thats very correct. please read with understanding

Need taxi driver 4 cheap? email me ok\( \bigcirc\bigcirc\bigcirc \)

This website just helped me pass my geography class. Thank you!!

C of advantages of mixed economy contrasts with C of disadvantages of mixed economy, please look it up.

<h2>Advantages of Mixed Economy</h2>
<ol style="list-style-type: lower-alpha;">
<li>It encourages private initiative.</li>
<li>There is freedom of choice.</li>
<li>It ensures that income is distributed equitably.</li>
<li>It ensures economic development.</li>
<li>It ensures job security and employment.</li>
<li>Monopoly is prevented because of the joint participation in economic activities by both the private and public sectors.</li>
</ol>
<h2>Disadvantages of Mixed Economy</h2>
<ol style="list-style-type: lower-alpha;">
<li>There is more emphasis on profit at the expense of the welfare of the citizens.</li>
<li>There is usually high level of corruption and mismanagement.</li>
<li>Wealth is not equitably distributed as there is a gap between the rich and the poor.</li>
<li>Efficiency hardly occurs in this type of economy because of involvement of the state.</li>
<li>Exploitation of labour.</li>
</ol>
<p>It should be noted that there is no country in the world which practices absolute socialism or capitalism. In each country, there is some private and state ownership of the means of production. It is the level of private and state ownership of the means of production that determines whether such a state is a capitalist state or a socialist state.</p>

3174eb1e-1f1a-441e-ab1c-3ea3bb79e46a

Advantages and Disadvantages of Mixed Economy

Economics studies social behavior guiding the allocation of scarce resources to meet the unlimited needs and desires of the individual members of a given society, and for the production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society. 

Economics

Explore the various economic systems and their features, benefits, and drawbacks, including capitalism, socialism, and mixed economy, and gain an understanding of their functions.


Advantages and Disadvantages of Mixed Economy

Track Your Learning Progress

Earlier discussion