Question

Today all the countries of the world have more or less adopted the mixed economy. Give reason

Answer 1

Answer:

To maintain friendly relationship with all countries

in order to maintain they're security

Answer 2

Mixed economy is defined as the assimilation of both the closed and open economy in a country.

With the world dynamics shifting to Globalisation, all the world countries now focusing on gaining maximum output of the resources present.

The world and economies are now becoming competing with the present situations and thus have come up with many aspects of Markets.

The reasons why countries adopting the mixed economy are as follows:-

• Mixed economy provide as level playing field- With the advent of concept of open economy, the world order shifts to one step ahead in terms of Competition. Mixed Economy also has these feature in it.

• Access to large Market- Excepting the fact that Mixed economy is making the markets open, it also provide larger access to market to the Traders and Multi National Companies.

• Consumer Satisfaction - It also depends upon the consumer of a region to choose between different commodity according to their income and budget.

To Learn more about Mixed economy and Globalisation, follow:-

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