What Advantages Of Mixed Economy?


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Mixed economy as the name suggests is a mixture of state owned and private enterprise at times the state owned enterprise gives an unfair competition to the private enterprise the private enterprises on the other hand forces the state run enterprise to remain competitive by setting standards thus a mixed economy has checks and balances the negative side is that a mixed economy is slow to react to market forces and may be faulted at being unresponsive to the countries needs

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