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DIA [1.3K]
3 years ago
9

Mixed Economies Disadvantages: Advantages: Examples

Social Studies
1 answer:
Harman [31]3 years ago
3 0

Answer:

Advantages of Mixed Economy

  • It encourages private initiative.
  • There is freedom of choice.
  • It ensures that income is distributed equitably.
  • It ensures economic development.
  • It ensures job security and employment.
  • Monopoly is prevented because of the joint participation in economic activities by both the private and public sectors.

Disadvantages of Mixed Economy

  • There is more emphasis on profit at the expense of the welfare of the citizens.
  • There is usually high level of corruption and mismanagement.
  • Wealth is not equitably distributed as there is a gap between the rich and the poor.
  • Efficiency hardly occurs in this type of economy because of involvement of the state.
  • Exploitation of labour.

Examples of Mixed Economy

  • Iceland (57%)
  • Sweden (52%)
  • France (52.8%)
  • United Kingdom (47.3%)
  • United States (38.9%)
  • Russia (34.1%)
  • India – (27%)
  • China – (20%)

Hope it helps

Please mark me as the brainliest

Thank you

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The distance between the wall's normal to the point where the flow velocity has virtually attained the "asymptotic" velocity is the boundary layer thickness. Laminar and turbulent boundary layer flow are two distinct flow types. flow in a laminar boundary layer.  

<h3><u>What is a boundary layer?</u></h3>
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