Question

Q.4 Explain the following concepts

(1) Mixed economy.​

Answer 1

Answer:

A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

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Answer 2

Answer:

A mixed economy is an economy organisation with some free market element and some socialites eement