BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Co-existence of consumer and producer’s goods industries in an economy
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Co-existence of private and public sector in an economy
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Co-existence of urban and reral sectors in an economy
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Co-existence of Large and small industries in an economy
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Detailed explanation-1: -Mixed economy is one in which both public and private enterprises exist together, with some level of freedom to utilize capital for profit making. However, government interference is expected to achieve social aims. It is, however, coexistence of capitalism and socialism.
Detailed explanation-2: -A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
Detailed explanation-3: -A mixed economy is defined by the co-existence of a public and private sector.
Detailed explanation-4: -In a mixed economic system, the private sector and public sector co-exist. There is a certain level of economic freedom so that the private sector can decide the use of capital and seek profits. It simultaneously allows the government to intervene in some economic activities and industries.
Detailed explanation-5: -mixed economy, in economics, a market system of resource allocation, commerce, and trade in which free markets coexist with government intervention.