Business, 27.02.2020 20:48 shelbycg02

Why are most economies today considered mixed economies?

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Answer from: luckye

Most economy today prefer the mixed economic system due to quite a number of reason. Mixed Economy is the economic system that allows an individual set up business, provides goods and services, thereby making profit. The government also establishes institutions to provide for the social and economic welfare and needs of the people. This economy system is the only economy system that gives room for both individual and government in the production process of the economy. It combines Capitalism and socialism.

Explanation:

Most countries now adopt this kind of Economic system for the following reasons

1) It gives room for both government and private individuals to take managerial decision in the economy

2) It creates room for a stable economy.

3. It ensures maximum standard of living in the economy. As individuals who can't afford to patronize the forms owned by the private individuals, patronizes those owned by the government

4. It ensures that the society is protected by the full swings of the market and the exploit of private institutions

5. It allows economic freedom, as both government and private individuals answer the basic economic problem of the society

Answer from: Quest

you don't if you paid you paid. it's like if i bought a computer and used it then i say idon't want it anymore so im gonna return it. you can't. unlkess you have your reciept

Answer from: Quest

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

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