What impact does a mixed economy have on citizens?

Answer 1

Freedom is not provided for it is taken or enjoyed. If one enjoys freedom then they are free, if they do not they are not, then, free. A mixed economy is a phrase invented to describe the chaotic mixture of free market ideals and government intrusion into that free market. Once a government, any government has taken it upon themselves to regulate a free market, that market or economy is no longer free. It will be argued that to some degree a mixed economy is free, but since it involves government control or regulation, then conversely, to some degree the market is not free.

Definitions of mixed economies vary and there does not seem to be a definitive definition. But, it is, more times than not, usually described as being a mixture of private industry intermingled with government control and regulation. A free market economy would be capitalism at it's purest form, and a completely centralized and government controlled economy would be closer to communism or socialism. A government that "allows" private industry to maintain ownership while asserting the power to regulate that privately owned business is what people mean when they say mixed economy. So then, how does a mixed economy provide freedom? How can it? Economies and marketplaces can be confounding and confusing places to find ones way. Few have bothered to read Adam Smith's A wealth of Nations, and a few more have bothered to read Karl Marx's Das Kapital, but most of us just don't understand it. So, we increasingly turn towards economists who offers us explanations of what the market is actually doing and what to expect and we are comforted when these economists predictions are correct and many of us are even comforted when they are wrong. Alan Greenspan was one of the most respected and revered economists across the world and indeed still is. However, when Greenspan admitted to Congress that he was just as baffled by the economic downturn as anyone else, there was some form of comfort for many, knowing that even Greenspan doesn't understand what the market is doing.

Capitalism, communism, socialism, agrarian economies, bartering, whatever the economy, if people want to be free, then they should be as it their right to do so. Want a freer market? Endeavor to create one. Want a more socialist economy? Sit back, do nothing and wait. A government will do it for you.

Answer 2

Well, in mixed economy, if the citizen is not satisfied with service provided by government agencies, he/she can opt for private agencies of his/her choice for better service.

Answer 3

They face financial problems