Mixed Economy

Ms. Wong's 6th Period: Hayden Donofrio and Adam Epler

Mixed Economy Characteristics

  • A mixed economy is a mix and match of varying economic systems.
  • Most mixed economies can not be defined by a set of rules because every mixed economy is different.
  • Government can intervene in certain aspects of the mixed economy.

Advantages and Disadvantages

Advantages

  • Countries can pick and choose policies that affect their particular demographic.
  • Mixed economies grow faster than other economies.
Disadvantages

  • The countries that have mixed economies often have higher tax rates.
  • Historically, mixed economies may grow faster in population, but their production rate is much slower.

Mixed economy