Advantages/ Benefits/merits of a mixed economy.

• Limited resource wastage due to regulated
• Better quality products are produced because of competition between the private and public sectors.
• Production of a wide variety of products by both the private and public
• Reduced income inequalities due to state
• Individuals self-interests are regulated e.g. Over exploitation of
• It increases employment opportunities in both the private and public
• The public sector provides essential services that the private sector would not

There is economic stability due to government intervention