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    Question

    Which economic system aims to strike a balance between

    private enterprise and state intervention to curb the extreme inequalities generated by pure capitalism ?
    A Laissez-faire economy Correct Answer Incorrect Answer
    B Socialist economy Correct Answer Incorrect Answer
    C Mixed economy Correct Answer Incorrect Answer
    D Command economy Correct Answer Incorrect Answer

    Solution

    A mixed economy aims to balance private enterprise with state intervention to address the extreme inequalities often associated with pure capitalism. Laissez-faire (a) denotes minimal government intervention, socialism (b) focuses on state ownership, and command economy (d) involves total government control

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