Mixed economy
Destiny , Toney , Tijonea
Question 6
Mixed economy characteristics
-possess means of products such as farms , factories , etc
-to create organizations to create wealth
-taxes used to collect revenue to pay for state goods/ services
Question 7
Disadvantages of mixed economy
-tend to lean to govt control
-less individual freedom
-less efficient than private
Question 7
Advantages
-increasing national production
-variety of goods
-more stable when than free market systems
Question 8
We think it is a good place to stay , it offers individual freedoms and a variety of goods.
They will be able to find jobs and a place to live. Most countries with mixed economy have a high standard of living .
Question 9
Mixed economy - defined