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Countries with a mixed economy include Iceland, Sweden, France, the

United Kingdom, the United States, Russia and China. These countries

have a mix of government spending and free-market systems based on

the share of government spending as a percentage of gross domestic

product. Some governments spend much more money in proportion to

GDP, while others spend much less.

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Mixed Economies provide more freedom includingthe freedom to possess the means of

production; to participate in managerial decisions; to buy, sell, fire, and hire as needed;

and for employees to organize and protest peacefully.
Mixed Economies have a high level of state participation and spending, leading to tax-funded

libraries, schools, hospitals, roads, utilities, legal assistance, welfare, and social security.

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-Socialists are criticizing mixed economy as it allows a lot of market forces that can lead to inefficient allocation and inequality of resources.

-It can become hard to identify exactly where the government will need to intervene.

-Free market economists are also criticizing mixed economies as it allows excessive intervention of the government. According to libertarians, most governments are actually very poor economic managers as these are invariably influenced by short term and political factors.

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-Mixed economies help lessen the amount of government control and government regulation that is prevalent in command economies.

-Most industries and businesses can now be left to the private firms. These private firms are more likely to be efficient compared to firms controlled by the government as they have profit incentive for cutting costs and being innovative.

-The government has the chance of pursuing policies that will provide a macro-economic stability such as an expansionary fiscal policy during times of recession.

-Mixed economies help create an improve equality and offer safety net that will prevent the people from suffering absolute poverty. In addition, mixed economies allow people of enjoying financial rewards of entrepreneurship and hard work.

-Mixed economies allow government regulation in the areas with market failure.

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an economic system combining private and public enterprise