Mixed economies come with some disadvantages that include it being hard to know how much government should control. Government borrowing is a disadvantage along with merchants having tax rates that are too high.
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.
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
Ireland's economy is a mixed economy! (:
disadvantages of command economy,Command economy,Command economy disadvantages
It is a mixed economy because we pay taxes
what makes it a mixed economy
something to do with mixed economy
yes it does a mixed economy
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 incomeMixed 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, please refer to the related link.
You should produce mixed goods in a mixed economy.
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 best example of a MIXED ECONOMY is the market economy and a command economy
it has a mixed economy
It is a Mixed Economy
Yes. Germany is a mixed economy.
Yes, Mexico is a mixed economy.
why is the mixed economy good
The U.S is a mixed economy