What are the disadvantages of a mixed economy?

disadvantages of mixed economy

The disadvantages of the mixed economy in Nigeria is that some unscrupulous businessmen are evading taxes. They import some goods which pose a danger to the locally produced goods.

The disadvantages of a mixed economy in South Africa include the potential for favoritism and focusing production on things that are good for society instead of what's best for the economy. Advantages of this kind of economy include a balance between individuals and the common good.

The advantages South Africa's mixed economy include the proper distribution of wealth and income. The disadvantages are lack of proper regulations since it is inclined more towards the free market side.

Some advantages include: It mixes the benefits of capitalist nature of private companies and socialist nature of the government. Looks to balance economic growth of the economy and income Mixed economy allows individuals to run their business and make profits but contribute towards society. Some disadvantages include: Goods and services are produced to benefit the society rather then to benefit the economy. Favoritism and bureaucratic nature are prevalent in a mixed economy. For more information…

Advantages of mixed economy include that a state provides the essential services, there is consumer choice, competition keeps prices low and private sector encouraged for profits. Disadvantages of mixed economy include less efficient than private sector, heavy taxes reduce incentives to work hard or make profits and there is excessive control over business activity which can discourage enterprise and add costs.

The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy

Almost all modern economies can be considered "mixed economies" in some sense, even that of the United States. Any economics textbook, or class, should be able to provide further information on the concept of a mixed economy, and the advantages and disadvantages of same.

disadvantages of command economy, Command economy, Command economy disadvantages

Ireland's economy is a mixed economy! (:

mixed economy

It is a mixed economy because we pay taxes

mixed economy

You should produce mixed goods in a mixed economy.

mixed market

what makes it a mixed economy

yes it does a mixed economy

something to do with mixed economy

Explain the disadvantages of a Free market economy

The US economy is a mixed economy (in fact, almost every country today has a mixed economy.) I suggest wikipedia for a history of US economy.

There any many nations in the world which have mixed economy. This is an example using the word mixed economy.

the best example of a MIXED ECONOMY is the market economy and a command economy

The U.S is a mixed economy

it has a mixed economy

Yes, Mexico is a mixed economy.

why is the mixed economy good

It is a Mixed Economy

yes russia has a mixed economy .(:

it is a mixed economy

Scotland is part of the mixed economy

The state controls a mixed economy!

Yes. Philippines is a mixed economy

No, a mixed economy is basically a market economy with regulations and industrial policy.

U.S.A is a Market Economy Canada is a Mixed Economy Whoo Hoo!

In a mixed economy, there are more government regulations.

mixed economy means

Jamaica is a mixed economy

mixed economy

yes,Italy is a mixed economy

America is a mixed economy

america is a mixed command economy.

Belgium is a mixed economy which is considered to be under the socialist system of governance. A mixed economy is where there participation from private entrepreneurs and the government.

A mixed economy is based on several different types of economies. For example the mixed American economy is a combination of socialism and capitalism.

China is largest economy now. But unlike others it is mixed economy.

In a mixed economy some of the businesses are under private control and some of the businesses are run by the government. There is still a free economy if there is a mixed economy.

Mixed economy included Capitalistic economy and also Socialistic economy. Capitalistic economy for profit earning and socialistic economy for social welfare.

The disadvantages of a subsistence economy are quite a number. In most cases, the people in such an economy do not have the capacity to meet their basic needs.

Canada has a mixed economy mixed economy

iraq's economy is mixed

In a mixed economy the owner owns a business.