provide short explaination about advantages and disadvantages of Mixed economy below. Advantages of Mixed economy - A mixed economy has all the advantages of a market economy. Since a mixed economy expands the role of the government, it is able to make sure that the less competitive members of society receive care. Thus, it manages to overcomeone of the disadvantages of a pure market economy which only incentivizes those who are most competitive or innovative. Disadvantages of Mixed economy - The disadvantages of the other types of economies are also present in a mixed economy. Too much central planning by the government will not be good either because that is likely to produce government-subsidized monopoly or an oligarchy system. For instance, too much freedom in a mixed economy will be a disadvantage for the less competitive society members because it would mean less government support. Too much central planning by the government will not be good either because that is likely to produce government-subsidized monopoly or an oligarchy system