15) What are the objectives of mixed economy
(a) profit maximization
(b) wealth maximization
(c) social welfare
(d) both a&b
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Social welfare is the answer of your question....
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(social welfare)
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
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