What is the advantage of mixed economy system?
Advantages are: 1) People can make there own decisions 2) The government has limited control, which is good for structure 3) Provides freedoms such as Enterprise, ownership, Social Welfare, Profit Earnings, Political Freedom 4) All national resources are utilized under mixed economy. 5) It will activate the government support and direction. What are the advantages and disadvantages of both a fixed exchange rate regime and a flexible exchange rate regime? There are two ways the price of a currency can be determined against another. A fixed, or pegged, rate is a rate the government (central bank) sets and maintains as the official exchange rate. A set price will be determined against a major world currency (usually the U.S. dollar, but also other major currencies such as the euro, the yen, or a basket of currencies). In order to maintain the local exchange rate, the central bank buys and sells its own currency on the foreign exchange market in return for the currency to which it is pegge
