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.
When firms exit a declining competitive industry, in that case surviving firms will: (i) reduce their outputs and prices. (ii) experience higher prices and profits. (iii) automate to adjust to lower wages. (iv) sell more output at lower prices. <
When the wholesale price P = $4 per dozen roses, it purely competitive increased farm maximizes profit through producing ___ dozen roses at a total (profit /loss) of $___. (1) zero; loss; $2000. (2) 2000; loss; $1500. (3) 3000;profit;
The market demand curve for latest houses would shift in response to a modification in: (i) Housing prices. (ii) The costs of lumber. (iii) Construction technology. (iv) Expectations regarding future housing prices. Q : Upwardly sloping supplies of resources When supplies of some resources are upwardly sloping to an industry, in that case increasing the industry’s output results within: (w) higher output due to increased profits from falling input prices. (x) reductions of output because of increase
When supplies of some resources are upwardly sloping to an industry, in that case increasing the industry’s output results within: (w) higher output due to increased profits from falling input prices. (x) reductions of output because of increase
When average production cost for Plastibristle Inc. falls like market demand increases and more firms go into the industry, Plastibristle is within: (1) an economically efficient industry. (2) a purely competiti
When the market price is beneath the equilibrium price then: (i) The market will clear. (ii) An excess exists. (iii) Consumers will not invest. (iv) The shortage exists. (v) Each and every consumer will be satisfied. Find out the r
Allocating scarce resources hence they are put to the uses which best satisfy consumer wants is facilitated through: (w) highly bureaucratic, centralized decision making. (x) tax breaks for wealthy people which “trickle down” to consumers. (y) vigorous com
Rises in the legal minimum wage rate have not been answerable for rising: (i) Unemployment among the teenagers. (ii) Racial discrimination in the employment. (iii) Unemployment between skilled workers who have lost their jobs since of competition from the cheaper impo
The price elasticity of supply generally evaluates the ratio of relative: (i) Gain to the amounts firms supply at different prices. (ii) Price increase need to induce a firm to raise output. (iii) Change in the quantity supplied to a associative chang
Effective price discrimination to maximize profit does NOT needs the firm to be capable to: (w) separate the market within different groups along with different demand elasticities. (x) erect entry barriers to defend a monopoly position. (y) prevent t
18,76,764
1955499 Asked
3,689
Active Tutors
1436307
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!