MIXED MARKET SYSTEM

WHAT IS A M-M ECONOMY

• A mixtue of two or more economic systems
• USA is a mixture of Market and a dash of Command

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• Canads is a mixed marked economy
• because their government has
• some control over the production
• of goods amd services.

ADVANTAGES

• Economic balance between industries
• Ability to minimize market stocks
• More direction control over externalities through taxes

DISADVANTAGES

• Decreased mobility for buisness/capital
• Taxes are often considered insufficient
• Too much free market can lead to less govt. support