Question

Why does Private sector and Government sector play an

important role in the Mixed Economy?​

Answer 1

Answer:

Mixed economic systems are not laissez-faire systems, because the government is involved in planning the use of some resources and can exert control over businesses in the private sector. Governments may seek to redistribute wealth by taxing the private sector, and using funds from taxes to promote social objectives.

Answer 2

Answer:

• Government sector plays an important role in an economy. Its role is two fold. This sector acts as consumer and as well as a producer.