ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Private ownership of resources
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Government regulations
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Inequities in the distribution of wealth
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Strong social networks
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Detailed explanation-1: -However, there are some disadvantages to the mixed economy. One disadvantage is that the government cannot control the economy completely. Another disadvantage is that the government does not provide enough funding for social programs. In a mixed economy, the government has both public and private sectors.
Detailed explanation-2: -Disadvantages of Mixed Economy Problems of corruption, Kickbacks. read more, black market, nepotism are prevalent in a mixed economy. Excessive state control in a mixed economy hinders the growth of private sector industries.
Detailed explanation-3: -A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.