Answer to Question #109311 in Microeconomics for Someswari A/P S. T. Rajan

Question #109311
Do you agree with the argument that mixed economy is the best of all the three systems? Discuss
1
Expert's answer
2020-04-13T09:41:12-0400

Yes. This is because mixed economy permits private participation in production which 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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