Start learning 50% faster. Sign in now
Solution: The mixed economic system has certain advantages. The following are the benefits of a mixed economy. The mixed economy combines both the features of a socialist and capitalist economy. Therefore, advantages from both sectors are present in a mixed economy. For example, absolute individual liberty is there in a diverse economy. Again, economic freedom can be gained too in a mixed economy. An arguably mixed economy is the method to establish socialism in a country following peaceful and democratic ways. For example, the economy can move towards socialism through the progressive extension of the public sector. In a mixed economy, the private sector's efficient management is combined with the public sector's financial soundness. Resultantly, the country achieves a rapid rate of economic growth. The evils of the capitalist system, such as inflation, unemployment, etc., can be removed in the mixed economic order. In the modern world, the objective of the government is to establish a welfare state. In the welfare state, the government aims at achieving maximum welfare for the maximum number of people. Arguably, maximum prosperity can be gained through the extension of the public sector. It is possible only in a mixed economic system. This one is among the most significant advantages of a mixed economy.
. If the consonants of the following words are arranged first, followed by the vowels as per the English alphabetical order and then the consonants are ...
Statement:
Many private sector banks have reduced interest rate on housing loans in comparison to public sector banks.
Courses of acti...
Statement:
Mostly P are Q.
P few Q are R.
All R are S.
No S is T.
Conclusion :
1. Only S are R.
2. ...
When all the letters of the word “ ANTHROPOLOGY ” are arranged in alphabetical order, then all the vowels of the rearranged word are replaced by the...
In which direction is Saurabh with respect to Nisha?
A person who uses computers to gain unauthorized access to data is known as _________
After interchanging the given two numbers and two signs what will be the values of equation (I) and (II) respectively?
× and +, 3 and 9
Which of the following combination of birth year and colour is true for A?
In the question given below, a premise is given followed by three statements which may or may not be inferred from the passage. Select the correct comb...
Statements:
Only Apple are Banana.
Some Apples are Pears.
Only a few Papaya is Pear.
Conclusions:
I. At least Some Pa...