Question

Discuss the distribution of resources in mixed economy in briefly ​

Answer 1

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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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Answer 2

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.