In a mixed market economy, property owned by an individual can be used by all citizens. can be run by a city or state. can help promote personal wealth. can be used by government workers.
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Can help promote personal wealth. Option (iii) is correct.
Explanation:
- Mixed market economy consists of both private and government owned entities.
- Both are share control of owning, making, selling, and exchanging good in the country.
- In mixed market economy, employment rate is high, so, the mixed economy was stronger.
- In mixed economy the private ownership also allowed.
- So, property owned by individual can help promote personal wealth of that individual.
- Individual as well as government share the activities in mixed economy to promote country's welfare.
- A mixed market economy create a balance economic liberalization and common welfare of the individual and atate.
- Example of mixed market economy is US and France.
To Learn More...
1.In a mixed market economy, property owned by an individual can be used by all citizens. can be run by a city or state. can help promote personal wealth. can be used by government workers.
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