Mixed Economies are the best!
Benefits of a mixed economy
a mixed economy helps an economy stay stabilized and allows private participation in production and also ensures that society is protected. It combines capitalism and socialism. In a mixed economy private businesses decide how to run their business, and consumers can choose what they buy.
what a mixed economy can give you
Money
The job you have an the amount you work determines how much money you make. Its not equal to someone who works for 2 hours and you work for 8 hours and you guys get the same pay. The amount you work gives you more money!
Businesses
in a mixed economy you can open and private business and do what you want and not what the government wants. you can sell what you want and you can make as much as you want.
Market
You can get what ever you like at the market, and you don't need to be told what you can and cannot have. You have many options with and endless supply of a lot of things
Pros and Cons of a mixed economy
Pros: Equal distribution, better efficiency, freedom for private enterprise, and a safe haven from poverty.
Cons: Challenge for finding a balance, government can go to far, limited corporate size, higher taxes, and excessive intervention.
Economics & Government : What Is a Mixed Economy?