Disadvantages of mixed economy system
Tell me what are the disadvantages of mixed economy system?
Expert
The disadvantages of a mixed economy really depend on how "mixed" it is. For example, if it is mixed more towards a free-market, there is little regulation (some may see it as a good), the control may stifle growth if it is mixed more towards a command economy.
Mixed economies can also have many types of such as Each of these will share a disadvantage. A stifle profits due to it's high tax construction, but it will encourage new ideas due to its low regulation (this might result in many weird effects such as an economy comprised almost exclusively of small, well-niche businesses). B will reassure profits, but due to its regulation, some new ideas (and some growth) will be stifled. For instance, if environmental principles are strict, the construction of new plants or refineries might be lowered. This results in a small number of profitable and very large businesses.
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Jim a vegetarian. All he eats is lettuce and cheese. His original budget constraint and utility maximizing bundle are illustrated in the graph shown below: Discover Q & A Leading Solution Library Avail More Than 1425953 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1936596 Asked 3,689 Active Tutors 1425953 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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