Mixed Economies
Disadvantages:
Advantages:
Examples

Advantages of Mixed Economy

It encourages private initiative. There is freedom of choice. It ensures that income is distributed equitably. It ensures economic development. It ensures job security and employment. Monopoly is prevented because of the joint participation in economic activities by both the private and public sectors.

Disadvantages of Mixed Economy

There is more emphasis on profit at the expense of the welfare of the citizens. There is usually high level of corruption and mismanagement. Wealth is not equitably distributed as there is a gap between the rich and the poor. Efficiency hardly occurs in this type of economy because of involvement of the state. Exploitation of labour.

Examples of Mixed Economy

Iceland (57%) Sweden (52%) France (52.8%) United Kingdom (47.3%) United States (38.9%) Russia (34.1%) India – (27%) China – (20%)

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Ongoing civil wars western roman empire finally collapsed476 c.e. romulus, the last of theroman  emperors in  the west, was overthrown by the germanic leader odoacer, who became the first barbarian to rule in rome. the order that the  roman empire  had brought towestern  europe for 1000 years was no more.

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