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Eshaaan

Oct 22

What is a mixed economy and its advantages and disadvantages V2

in Eshaaan

BS-Classification of businesses, Page no 14 #BS #Classificationofbusinesses

A mixed economy is an economic system that combines elements of both market economies and planned economies, blending various degrees of government intervention and private enterprise. In this system, the means of production, such as factories, resources, and businesses, are owned and operated by both the private sector (individuals or corporations) and the public sector (the government). This coexistence allows for a balance between the freedom of the market to allocate resources and government regulation to correct market failures, ensure social welfare, and provide public goods.

THE END

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indu marath

Oct 25

How do mixed economies balance the roles of the private and public sectors?
Can you provide examples of countries that operate under a mixed economy?
How does a mixed economy address issues of economic inequality?
What role does regulation play in a mixed economy?
How do mixed economies handle the allocation of resources?
What are some common challenges faced by mixed economies?

Eshaaan

Oct 29

Replying to

A mixed economic system accepts private property and permits economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
England, France, and India.
income inequality decreases under a Mixed Economy.
promotes some form of regulation to protect the public, the environment, or the interests of the state.
resource allocation is determined by a combination of market forces and government intervention.
price controls can cause shortages in supply, and the government needs to take extra actions to stimulate production.

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