what are some advantages of a mixed economy? how does the government participate in a mixed economy?

Question

thank you for your time:)

Answer 1

A mixed economy is what the United States currently operates under (there are no pure free market economies in the world). A mixed economy is one that has largely a free market economy, but has some regulation which keeps it from being a purely free market one. In the US, we have regulations prohibiting monopolies from taking over an industry and driving up prices. A free market would not prohibit such things. In addition, we have some parts of a command economy, since the government controls some industries, such as the post office, which would not be controlled by the state in a pure free market. Thus, in a mixed economy, choices are generally left up to the consumer based upon his preferences and tastes, with a modest amount of government intervention to keep monopolies and others from "taking advantage" of other individuals.