Question

What are the merits and demerits of a mixed economy?

Answer 1

hi.....

The Advantages of a Mixed Economy. A mixed economy permits private participation in production, which in return allows healthy competition that can result in profit. It also contributes to public ownership in manufacturing, which can address social welfare needs

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Answer 2

A mixed economy is a system that combines characteristics of market, command and traditional economies. It benefits from the advantages of all three while suffering from few of the disadvantages. A mixed economy has three of the following characteristics of a market economy. First, it protects private property.





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