Question

What are the disadvantages of a mixed economy?

Answer 1

Answer:

The disadvantages of a mixed economy are discussed below.

Explanation:

The Disadvantages of the Mixed Economy

• The mixed economy is the midway house.
• It is not helpful in achieving the total use of natural resources.
• Heavy taxes made work really hard or make profits.
• The mixed economy is the only one who suffers from the cons of capitalism and the socialist economy.
• Under mixed economy wastage of country's resources occur in the country.

Answer 2

One disadvantage of mixed economies is that they tend to lean more toward government control and less toward individual freedoms. ... Another negative is that the government decides the amount of tax on products, which leads to people complaining about high taxes and their unwillingness to pay them.