Question

what are the features of mixed economy?

Answer 1

Answer:

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Answer 2

The features of mixed economy

Explanation:

Features of the mixed economy are as follows:-

Co-existence of private and public sectors:-

• The idea of a mixed economy assumes two sectors, viz, the public sector under which all primary and large industries and other necessary sectors of the economy like banking, transportation, and others are entirely managed and maintained by the state.

Economic Planning:-

• Another significant characteristic of a mixed economy is that it is described by economic planning. Both the sectors are expected to bring about a stable development of the economy.

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