Find out Benefits of mixed economy given below. So let us check out some benefits to know more about mixec economy.
Some points on benefits of mixed economy are :
- Mixed economy offers consumers the freedom to choose from a variety of goods or services
- In mixed economy, government supplies some need in order to assure that all members in the society can benefit.
- Entrepreneur able to make more profit
- Freedom to set up a business
- Prices determined by market factors
- Private ownership of a business
- Progressive taxes to reduce inequality
- Government regulations and taxes on demerit goods
- Government provision of public goods
- More job investments