Question

There is co-ordination of restrictions and motivations in mixed economy. Explain in brief?

Answer 1

Answer:

The answer is

Explanation:

/wiki/Mixed_economy ( Search it on Google and open the Wikipedia page)

Hope this helps

Please mark as Brainliest answer and follow....

Answer 2

Explanation:

Mixed economy neither gives full freedom to producers nor does it keep full control over them. In a mixed economy, the entrepreneur is free to decide what to produce, how to produce, where to distribute, etc. Due to these freedoms, he is motivated to produce goods of his own choice and with best features. Thus, he can provide society with better products as per the needs. On the other hand, the government involves itself in the market to see that goods are produced with appropriate quality standards so that the customers are not exploited.

The government takes steps to control evil of monopoly, public distribution system and helps people buy unadulterated goods. Moreover, government also restricts the producers from producing certain types of goods which are harmful for the social welfare. Thus, the mixed economy runs with co-ordination of restrictions and motivations.