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The drawbacks of a mixed economy actually depend on how "mixed" it is. For instance, if it is mixed more towards a free-market, there is little regulation (some may see this as a good, though), but if it is mixed more towards a command economy, the control may stifle growth.
Mixed economies can also have dissimilar characteristics. Every of these will share a dissimilar set of drawbacks. A will stifle incomes due to its high tax structure, but will encourage new ideas because of its low regulation (this could result in many weird effects such as an economy comprised almost solely of small, well-niche businesses). B will encourage income, but because of its regulation, some new ideas (and some growth) will be stifled. For instance, if environmental regulations are strict, the building of new plants or refineries may be lowered.
1. Explain what are price ceilings and price floors and how they effect the market for a good or service. Also show through graphs, if they cause any inefficiencies in a perfectly
Market failures (even when they do not have international external effects) i) Self-fulfilling bank runs, government debt runs, currency crises. ii) Liquidation costs of li
sir i want critics of marris''s model , i have an assginment (write critics of marris''s model)
find the highest premium find the actuarialy fair premium
Why Average Revenue= Marginal Revenue
The following are AC and TC functions for various firms (i). AC = 140/Q + 20 (ii) AC - a/Q = k (iii) TC - 10 =2Q + 0.1Q 2 (iv) TC - k - βQ = cQ 2 Where a, k, β and
What does economic theory contribute to managerial economics? Explain
draw the total revenue curve and the total cost curve showing the profit maximizing level
Topic: Please choose a case study in water related area and analyse it from at least two angles (or more) by examining the technical side as well as the economical, social and poli
aid of production possibilty curve
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