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Market & Mixed Economies

I'm a high school student from Canada and I'm doing a debate on which kind of econmoy is better, but it is hard to find any information on this subject.

1. Debate the benefits and drawbacks of both market and mixed economies .
2. Using specific countries and data, I don't want to use Canada, India, United States.
3. Present questions for any opponent's arguments, looking for holes and inconsistencies. 4 paragraphs

Thanks for ideas and help

Solution Preview

From my readings and prior knowledge, let's look at some ideas and questions for you to consider. I also attached an article on your topic for you to get ideas from.

RESPONSE:

1. Debate the benefits and drawbacks of both market and mixed economies.

The Mixed and Free Market economy are two systems that seem to work depending on the environment they are practiced. For both the market economies like Japan, India, Denmark, New Zealand, and mixed markets, like Australia and China, the government exists to identify the needs and wants of its people and develops an environment that meet these needs and wants. It seems that both systems work to some extent, even though they have both strengths and drawbacks.

The market economy operates on Laissez Faire approach that is 'let alone' (http://www.accessmylibrary.com/article-1G1-189703315/network-neutrality-laissez-faire.html). In a market economy, an individual's profit rises and falls depending on his or her success. Left alone, an individual does not need the community to prosper in order to show a profit (http://www.investopedia.com/terms/m/marketeconomy.asp). Everything is driven by the "supply and demand" cliche allowing for overall individual gain and random prosperity. There are also drawbacks, however, mainly due to human selfishness, which was not factored into the market economy equation. For example, the free market economy tends to ...

Solution Summary

By addressing the questions and through a supplementary article, this solution assists in a debate concerning market or mixed economy. References are provided.

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