Question

who is the father of mixed economy??​

Answer 1

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Answer 2

Answer:

‘Adam Smith’ is called the father of mixed economy.

Explanation:

• Mixed economy is a mixture of capitalism and socialism.
• It is managed by some free elements related to market and some ‘socialistic elements’.
• They have the private ownership and the means of production is mostly controlled under the rules and regulations of the government.
• This will socialize the industries which supply and manufacture the public goods.
• The “best examples of mixed economy” are modern and historical economies.