Question

"Mixed Economy are a golden path of economic development." Give reason in support of the statement.
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Answer 1

It is a golden mixture of capitalism and socialism. Under this system there is freedom of economic activities and government interferences for the social welfare. Hence it is a blend of both the economies. ... The developing countries like India have adopted mixed economy to accelerate the pace of economic development.

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Answer 2

Answer:

▪︎It is a golden mixture of capitalism and socialism. Under this system there is freedom of economic activities and government interferences for the social welfare. Hence it is a blend of both the economies. The developing countries like India have adopted mixed economy to accelerate the pace of economic development.

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