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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.
He uses simple lines and bright colours _________ detailed illustrations.
A) Jeopardise
B) Sumptuous
C) Extravagant
D) Indigenous
...Politicians agree on the wisdom in the quip that they campaign in poetry and govern in prose but disagree on _______________ relative importance. This ...
A ____________ of sadness began to _________ over me,when suddenly I was __________ to hear a voice.
Spinning ______ be primary or secondary but the income would go ________ to the kitchen.
Fill in the blank/s with suitable Word/s:
They worked hard to _________ the project before the deadline.
He has been _______ for quite some time about local basil playing second fiddle to chia seeds.
India Inc.’s earnings performance ___________ the second quarter of the financial year has turned _______ to be largely in line with street expect...
Fill in the blanks:
The owner was ____________when he _____________that his expensive flower was eaten for lunch.