Question

1) Describe any three forms of economics
) Examine the merits and demerits of a mixed economy.
students are supposed to discuss and th
incussion topic​

Answer 1

Explanation:

Economic systems are grouped into traditional, command, market, and mixed systems. ... A centralized authority influences command systems, while a market system is under the control of forces of demand and supply. Lastly, mixed economies are a combination of command and market systems.

Answer 2

1) Describe any three forms of economics

There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economies are a combination of the two. Individuals and businesses make their own economic decisions. The state's central government makes all of the country's economic decisions.

2)Examine the merits and demerits of a mixed economy.

demerits of Mixed Economy

• There is more emphasis on profit at the expense of the welfare of the citizens.
• There is usually high level of corruption and mismanagement.
• Wealth is not equitably distributed as there is a gap between the rich and the poor.
• Efficiency hardly occurs in this type of economy because of involvement of the state.
• Exploitation of labour.

merits of Mixed Economy

• It encourages private initiative.There is freedom of choice.
• It ensures that income is distributed equitably.
• It ensures economic development.
• It ensures job security and employment.
• Monopoly is prevented because of the joint participation in economic activities by both the private and public sectors.

I hope this helps you

please give brainliest for my answer and follow me