eatthetree
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What are they and why are there mixed economies?

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Haycroft97
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Mixed economies are where the price mechanism and the government allocate resources. However the government mainly deals with things such as regulations and spending on public services.
- allows businesses and industry to be run privately
- government can Intervene to prevent market failure in areas such as preventing monopolies, taxing goods and services that carry negative externalities and give subsidies for goods and services that are usually under consumed in a free market economy.



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