Question

1.1Objectives of mixed economy

1.2 characteristics of mixed economy

Answer 1

Objectives of the mixed economy include the following.

The aim is to reduce unemployment.

Reduce poverty.

Improve social security.

Good public health.

Characteristics of Mixed Economy

It protects private property

Driven by self-interest motivation

Goods ownership is both private and government-owned.

Welfare system.

Employment standards.

Environmental protection.

Antitrust policies.

Public-owned enterprises.