📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • âś–

      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

      Practice Next
      ask-question