Economic Systems

Economies Systems

Mixed Market Economy:

Pros of a mixed-market economy are that mixed economies help lessen the amount of government control and government regulation. Most industries and businesses can now be left to the private firms. These private firms are more likely to be efficient compared to firms controlled by the government as they have profit incentive for cutting costs and being innovative. The government has the chance of pursuing policies that will provide a macro-economic stability such as an expansionary fiscal policy during times of recession. Mixed economies help create an improve equality and offer safety net that will prevent the people from suffering absolute ...

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government tends to manage an economy poorly. Free market economists also criticize a mixed economy, as it allows excessive intervention of the government. In a mixed economy, the government might limit company sizes because of rules regarding anti-trust laws and monopolies. Companies may even be harshly taxed to support other economic aspects. Without particular security measures in place, entrepreneurial spirit may be destroyed. More state intervention in the economy, of course, requires greater investment from the government, which largely comes from tax revenues. This will lead to negative consequences, such as decreased motivation in work, as employees see a large proportion of their earnings going to the taxation agency.

Command Market Economy:

Pros of a Command Economy are it limits the monopolizing Command economy make it difficult for a monopoly to rule the market, as the major forces are controlled and regulated by the government. Though monopoly can exist in all ...

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PAPER DETAILS
Added: 9/3/2019 05:22:30 PM
Submitted By: tiffanymartin
Category: Economics
Type: Premium Paper
Words: 925
Pages: 4

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