2. - M ost deci si ons ar e
m ade by pr oducer s &
consum s but t he
er
gover nm ent onl y
i nt er vene when needed.
3. THE BENEFITS OF
MIXED ECONOMY
1. Cover s Bot h Publ i c
Sect or & Pr i vat e
Sect or
~ Pr i vat e : gr eat
sat i sf act i on t o consum s
er
~ Publ i c : pr ovi des di ver se
4. 2. Al l ow C pet i t i on
s om
Am ongst Pr ovi der s
~ per m t s pr i vat e
i
par t i ci pat i on
~ cont r i but es publ i c
ow shi p
ner
5. THE DISADVANTAGES
1. Unsuccessf ul Regul at i ons
2. Lack of Pr i ce C r ol
ont
Management
3. D i ver s ef f i ci ency cost
el
t hr ough com at i ve m ket
pet ar
syst em /
f ast r educt i on i n pover t y
7. Canada and India are
some of the countries
which are highly mixed.
8. - As the conclusion, pure
capitalism & pure
communism have never and
most likely can never exist.
9. Reference:
: Socyberty, (2009), Disadvantages of the Two
Extreme Economies: Free Market and Command
: Economy, Economics, Retrieved from
http://socyberty.com/economics/disadvantages-
ofthe-two-extreme-economies-free-market-and-
command-economy/
:Watch, Retrieved from
http://www.economywatch.com/market-economy/