Question

Discuss whether or not consumers benefit more from a market economic system or a mixed economic system. *

Answer 1

Answer:

compared to a mixed economy, a market economy tends to benefit the consumers.

This is mainly because the government intervention and restrictions are minimum in a market economy, compared to a mixed economy in which the government plays a major part as an economic agent and a regulator.

A free market system's main aim is to enhance  the competitions and the freedom of choice for the consumers.

However, in the real world scenarios, pure free market systems are difficult to be seen and most of the time, the economies are Mixed economies.

Even in USA's economy 40% of the economy consists of the government agencies and activities.

This is mainly due to the economic malpractices by the producers and corporations.

Explanation: