disadvantages of mixed economylarge monopolies
Disadvantages of Mixed Economy
Large monopolies can still exist in the private sector, and so competition does not really take place
There is likely to be a lot of bureaucracy and "red tape" due to existence of a public sector.
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disadvantages of the planned systemthe centrally planned economies suffer from the following limitationslack of choice consumers have little
the mixed economythere are no economies in the world which are entirely market or planned all will contain elements of both systemsthe degree of mix
features of this systemthe mixed economy includes elements of both market and planned economies the government operates and controls the public
advantages of the mixed economynecessary services are provided in a true market economy services which were not able to make profit would not be
disadvantages of mixed economylarge monopolies can still exist in the private sector and so competition does not really take placethere is likely to
economics for accountantsa few teachers and some students have questioned the rationale for including economics in a course of study for professional
householdthis refers to all the people who live under one roof and who make or are subject to others making for them joint financial decisions the
the firmthe unit that uses factors of production to produce commodities then it sells either to other firms to household or to central authorities
individual and market demand schedulethe plan of the possible quantities that will be demanded at different prices by an individual is called
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