answersLogoWhite

0


Best Answer

The major merit of a mixed economy is that the public is protected because the government is in charge of public services, and prices are low because of competition in the private sector. A major demerit is that taxes may prohibitively high in order to support government programs.

User Avatar

Wiki User

βˆ™ 10y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

βˆ™ 13y ago

fuggles mcdingleson

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Pros and cons of mixed economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp