0
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Provides fair competition
: the presence of private enterprise ensures that there is fair competition in the market and that the quality of goods are not compromised
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Market
prices are well regulated: government ensures market price does not go beyond a good’s actual price
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Optimum utilization
of national resources
: both government and private enterprises are utilising resources.
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People have more power: general public has more of a say when it comes to quality and prices
·
No monopolies
allowed: both government and private enterprises enter every sector for business
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∙ 11y ago
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Why more modern economists are mixed economies elaborate?
Most mixed economies can be described as market economies with strong regulatory.
Most economies have what economists call?
mixed economies
Most economies today are economies?
all economies today are actually (mixed)
Why are most economies referred to as mixed economies?
poverty is always higest in countries with market economies
Is this a mixed economy?
i mean, what are some Mixed Economies and is it the most popular type economy in the world? Thanks i mean, what are some Mixed Economies and is it the most popular type economy in the world? Thanks
Why more modern economists are mixed economies elaborate?
Most mixed economies can be described as market economies with strong regulatory.
Most economies have what economists call?
mixed economies
Most economies today are economies?
all economies today are actually (mixed)
Why are most economies referred to as mixed economies?
poverty is always higest in countries with market economies
Why are most economies refered to as mixed economies?
poverty is always higest in countries with market economies
Why are most modern economies referred as mixed economies?
poverty is always higest in countries with market economies
Is this a mixed economy?
i mean, what are some Mixed Economies and is it the most popular type economy in the world? Thanks i mean, what are some Mixed Economies and is it the most popular type economy in the world? Thanks
What are the features of a mixed economy?
A mixed economy features a "mix" of features from traditional economies, market economies, AND command economies--usually the most advantageous features from each. For example, most mixed economies borrow three of the most advantageous characteristics of a market economy: pricing, private property, and individual self-interest. The United States is one example of a mixed economy.
Does a mixed economy have a high standard of living?
Generally mixed economies generate more wealth than other kinds of economies leading to a higher standard of living
In most mixed economies what role does the government not fill?
In mixed economies, the government does not own all property or confiscate all economic output (this is a tenet of communism, or communist socialism).
Why is it that most African countries adopt mixed economic system?
all countries have mixed economies
What does it mean to have a mixed economy?
you have a combination of command and market economies
