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What are the disadvantages of a mixed economy?

A mixed economy can also take on all the disadvantages of the other types of economies. It just depends on which characteristics the mixed economy emphasizes. For example, if the market has too much freedom, it can leave the less competitive members of society without any government support.

What are the characteristics of a mixed economy?

Laws and permits protect the right to hunt. A mixed economy has three of the following characteristics of a market economy. First, it protects private property. Second, it allows the free market and the laws of supply and demand to determine prices. Third, it is driven by the motivation of the self-interest of individuals.

What is the difference between a mixed economy and a market economy?

A mixed economy and a market economy (or free market) are two economic systems with several commonalities. However, the distinction between the two is tied to their viewpoints on the role of government intervention in an economy and the need to balance the public and private sectors.

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