Advantages of the mixed economy, Managerial Economics

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Advantages of the Mixed Economy

Necessary services are provided in a true market economy, services which were not able to make profit would not be provided.

Incentive:  Since there is a private sector where individuals can make a lot of money, incentives still exist in the mixed economy.

Competition:  Prices of goods and services in the private sector are kept down through competition taking place.


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