discuss the distribution 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.
The distribution of resources is controlled by the government.
Explanation:
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.
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Mixed Economy:
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