Question

Which of the following statements is true for a mixed economy?

A Economic decisions are driven by the motive of both profit maximisation and social welfare. Correct Answer Incorrect Answer
B The market determines the price of all goods with no intervention from the government. Correct Answer Incorrect Answer
C All resources are controlled and owned by the government. Correct Answer Incorrect Answer
D The private sector dominates the economic activity. Correct Answer Incorrect Answer

Solution

The correct answer is A

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