Private firms tend to be more efficient than government-controlled firms because they have a profit incentive to cut costs and be innovative. Limits government interference. Mixed economies can reduce the amount of government regulation and intervention prevalent in a command economy.
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Advantages of mixed economies
Private firms tend to be more efficient than government-controlled firms because they have a profit incentive to cut costs and be innovative. Limits government interference. Mixed economies can reduce the amount of government regulation and intervention prevalent in a command economy.