Question

characteristics of mixed enterprises

Answer 1

Answer: Characteristics of mixed enterprises are:-

1. Existence of joint sector

2. Regulation of private sector

3. Planned economy

4. Private property

5. Provision of social security

6. Motive of business concerns

Answer 2

Answer:

Production or Procurement of Goods and Services: Business exists to satisfy the wants of the consumers. Thus, every business enterprise either manufactures the goods (pen, textbook, furniture, etc.) or acquires them from producers, to be further sold to consumers or users.