The Student Room Group

12 marker: discuss advantages and disadvantages of mixed economy?

Struggling with disadvantages but any help with advantages would also be appreciated.

So far I have:

- both public and government sectors survive
- economic imbalance reduced = the price mechanism of the free market is intact (competition), government intervention on the exploitation of workers due to minimum wage
- government regulations mean fewer chances of monopolies
- businesses have subsidies and possible government incentives for inventions and product methodology

- reduced competition
- doesn't completely eliminate the possibility of monopolies
- high taxes to pay for government-funded policies and initiatives

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