Mixed Economy - Meaning, Characteristics, Advantages & Disadvantages

Infographics on Meaning, Characteristics, Advantages and Disadvantages of Mixed Economy.
Contents
1. Meaning of Mixed Economy
2. Characteristics of Mixed Economy
a. Co-existence of the Private and Public Sectors
b. Existence of Joint Sector
c. Regulation of Private Sector
d. Planned Economy
e. Private Property
f. Provision of Social Security
g. Motive of Business Concerns
h. Reduction of Inequalities of Income and Wealth
i. Complete Economic Freedom
3. Advantages of Mixed Economy
a. Efficiency
b. Reduced inequality
c. Systematic plan
d. Economic Stability
e. Consumer sovereignty
f. Freedom
g. Promotion of social welfare
h. Rights of Individual
4. Disadvantages of Mixed Economy
a. Unhealthy Competition
b. No freedom to pvt sector
c. Inefficient public sector
d. Unemployment and Uncertainties
e. Threat of Nationalization
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