Question

Explain any two features of mixed economy​

Answer 1

Answer:

Explanation:

mixed economy is a system that combines characteristics of market, command and traditional economies.1 It benefits from the advantages of all three while suffering from few of the disadvantages.

A mixed economy has three of the following characteristics of a market economy. First, it protects private property. Second, it allows the free market and the laws of supply and demand to determine prices. Third, it is driven by the motivation of the self-interest of individuals.

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Answer 2

Features of Mixed Economy

Features of Mixed EconomyThe joint sector is jointly run by the government and private companies, with at least 51% ownership belonging to the state. Cooperative Sector: In a mixed economy another sector exists, the cooperative sector. ... Social Welfare: One of the main aims of a mixed economy is social welfare

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