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August 27, 2014

Homework Help: Economics

Posted by Chrissy on Monday, February 12, 2007 at 1:14pm.

Why would a country choose to have a mixed economy?

I know a mixed economy is a combination of a command and a free market economy. I don't understand the point of combining these two types of economies because they are basically totally opposite.It would be like having the freedom to produce and buy what you want with restrictions on certain things right? What country has this economy and why?

I think you are on the right track with your thinking. Think about the positive and negative aspects of both a command and free market economies.

One big problem with command economies is they are not very efficient. One big problem with free markets is that they are brutally efficient.

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