Question
What is true about Mixed Economy? 1) The mixed
economy combines both the features of a socialist and capitalist economy. 2) An arguably mixed economy is the method to establish capitalism in a country following peaceful and democratic ways. 3) Economic freedom can be gained too in a mixed economySolution
Solution: The mixed economic system has certain advantages. The following are the benefits of a mixed economy. Â 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. Â 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. Â 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. Â 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.
In an examination, the average marks obtained by the students is 40. After correcting the quantitative mistakes, the average of 50 students is reduced t...
The average of 10 numbers is 42. If the average of the first 4 numbers is 24 and the average of the last three numbers is 36, then what is the average o...
The average of a set of 60 numbers was initially calculated as 40. However, it was later discovered that two numbers were incorrectly recorded as 68 and...
A coder solved problems at an average of x problems per day for the first 25 days. In the next 5 days, they solved at an average of 64 problems per day,...
Consider three positive numbers that form a ratio of 2:3:4. If the sum of the squares of these numbers is 2349, what is the average of the largest and t...
Ashish bought 25 notebooks for Rs.1230 from shop A and 12 notebooks for Rs.805 from shop B. What is the average price he paid per book?
Out of 4 numbers, the average of first 3 is 19 and last 3 is 20. If the last number is 21. Find the first number?
The average age of 14 girls is 42 years. If the age of two more girl is added the average decreases by one and a half year. What is the sum of the age o...
The average mark obtained by 140 candidates in a certain examination is 40. If the average marks of passed candidates are 55 and that of the failed cand...
The number of students (boys + girls) in class 'A' is 96, and the ratio of the number of girls to boys in class 'A' is 2:1. If the average number of boy...