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A mixed economy permits private participation in production, which in return allows healthy competition that can result in profit. It also contributes to public ownership in manufacturing, which can address social welfare needs. ... This security helps maintain a stable economy.
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A mixed economy permits private participation in production, which in return allows healthy competition that can result in profit. ... This security helps maintain a stable economy. Overall, businesses, as well as consumers, in mixed economies have freedoms that are important to both.
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