Discuss the distribustion of resources in mixed economy .
Answers
Answer:
Mixed economies may have a distinct private sector, where resources are allocated primarily by market forces, such as the grocery sector of the UK economy. Mixed economies may also have a distinct public sector, where resources are allocated mainly by government, such as defence, police, and fire services.
Answer:
Mixed economies may have a distinct private sector, where resources are allocated primarily by market forces, such as the grocery sector of the UK economy. Mixed economies may also have a distinct public sector, where resources are allocated mainly by government, such as defence, police, and fire services.
Explanation:
Additional information
Under the mixed economy, resource allocation primarily is done by government and it plays a main role in the distribution of income and resources.
Under the mixed economy, resource allocation primarily is done by government and it plays a main role in the distribution of income and resources.Mixed economy is an economic system in which both government and free-market have a significant role. The private sector may be different in a mixed economy where the allocation of resources is done by market forces as well. But the government pays a major role in the mixed economy.