11. Which of the following is the characteristic of the mixed economy?
People at large enjoy individual freedom and government support the weaker section of the society.
No competition among classes.
Means of production are owned by the government on behalf of the people.
Competition is the essential feature and safeguards consumer's exploitation.
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people at large enjoy individual freedom and government support the weaker sections of soceity
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One main characteristic of a mixed economy is the ownership of goods by both private and government/state-owned entities. Monopolies have the potential to occur in this type of economy, but the government closely monitors this. For the economy to be mixed, the government can control some parts but not all.
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