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Essay / Mixed economy: advantages and disadvantages of a mixed economy
In favor of the mixed economy, one must reduce the degree of government regulation and control, government regulation can protect its citizens against abusive monopolies, it allows people to work hard and reap the rewards. of their labor, encourages entrepreneurship, and industries left to private companies tend to be more efficient than if they were controlled by the government. Although some of the disadvantages of a mixed economy include difficulty knowing the extent to which government intervention is necessary or desired, more government means more taxes and the cost of production may not be fully covered by the supplier. Just as a mixed economy is a creation of the good aspects of capitalism and socialism, it is also a mixture of the pursuit of personal profit and the pursuit of collective goals. The United States is considered a mixed country