Question

.
Give the merits of mixed economy.

Answer 1

Answer:

There are several advantages of mixed economy which are as below:

(i) Encouragement to Private Sector: ...

(ii) Freedom: ...

(iii) Optimum Use of Resources: ...

(iv) Advantages of Economic Planning: ...

(v) Lesser Economic Inequalities: ...

(vi) Competition and Efficient Production: ...

(vii) Social Welfare: ...

(viii) Economic Development: