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The term “Mixed Economy” denotes:
- a)Co-existence of both consumers and producers good’s industries in the economy.
- b)Co-existence of both private and public sectors in the economy.
- c)Co-existence of both rural and urban sectors in the economy.
- d)Co-existence of both large and small industries in the economy.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The term “Mixed Economy” denotes:a)Co-existence of both co...
The term "Mixed Economy" refers to the co-existence of both private and public sectors in the economy. It is a combination of market and planned economic systems, where both private and government-owned enterprises participate in economic activities. This type of economy allows for the benefits of both systems while minimizing their drawbacks.
Features of a Mixed Economy:
- Co-existence of private and public sectors: In a mixed economy, both private and public sectors co-exist and contribute to the development of the economy. Private sectors focus on profit-making, while public sectors are responsible for providing essential goods and services, such as healthcare, education, and infrastructure.
- Government intervention: In a mixed economy, the government plays an active role in regulating economic activities. It sets rules and regulations to ensure fair competition and protect consumers' interests. The government also intervenes to maintain economic stability and address market failures.
- Market mechanism and economic planning: A mixed economy utilizes both market forces and economic planning. Market forces determine the prices of goods and services, while the government plans and implements policies for the equitable distribution of resources and social welfare.
- Resource allocation: In a mixed economy, resources are allocated through a combination of market forces and government planning. Private businesses allocate resources based on supply and demand, while the government allocates resources for public goods and services, such as education and healthcare.
- Social welfare: One of the main objectives of a mixed economy is to promote social welfare. The government ensures that essential goods and services are provided to all citizens, regardless of their income level, through subsidies and other social welfare programs.
In conclusion, a mixed economy combines the features of both market and planned economies to create a balanced economic system. It allows for the co-existence of both private and public sectors, ensuring efficient resource allocation and promoting social welfare. This system offers the flexibility to adapt to changing economic conditions while maintaining stability and fairness.
Features of a Mixed Economy:
- Co-existence of private and public sectors: In a mixed economy, both private and public sectors co-exist and contribute to the development of the economy. Private sectors focus on profit-making, while public sectors are responsible for providing essential goods and services, such as healthcare, education, and infrastructure.
- Government intervention: In a mixed economy, the government plays an active role in regulating economic activities. It sets rules and regulations to ensure fair competition and protect consumers' interests. The government also intervenes to maintain economic stability and address market failures.
- Market mechanism and economic planning: A mixed economy utilizes both market forces and economic planning. Market forces determine the prices of goods and services, while the government plans and implements policies for the equitable distribution of resources and social welfare.
- Resource allocation: In a mixed economy, resources are allocated through a combination of market forces and government planning. Private businesses allocate resources based on supply and demand, while the government allocates resources for public goods and services, such as education and healthcare.
- Social welfare: One of the main objectives of a mixed economy is to promote social welfare. The government ensures that essential goods and services are provided to all citizens, regardless of their income level, through subsidies and other social welfare programs.
In conclusion, a mixed economy combines the features of both market and planned economies to create a balanced economic system. It allows for the co-existence of both private and public sectors, ensuring efficient resource allocation and promoting social welfare. This system offers the flexibility to adapt to changing economic conditions while maintaining stability and fairness.
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The term “Mixed Economy” denotes:a)Co-existence of both co...
An economic system in which both the private enterprise and a degree of state monopoly (usually in public services, defense, infrastructure, and basic industries) coexist. All modern economies are mixed where the means of production are shared between the private and public sectors. Also called dual economy.
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The term “Mixed Economy” denotes:a)Co-existence of both co...
Private sector come's under capitalism wereas public sector come's under socialism and mixed economy is the combination of both capitalism and socialism because of which it includes both private n public sector
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The term “Mixed Economy” denotes:a)Co-existence of both consumers and producers good’s industries in the economy.b)Co-existence of both private and public sectors in the economy.c)Co-existence of both rural and urban sectors in the economy.d)Co-existence of both large and small industries in the economy.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The term “Mixed Economy” denotes:a)Co-existence of both consumers and producers good’s industries in the economy.b)Co-existence of both private and public sectors in the economy.c)Co-existence of both rural and urban sectors in the economy.d)Co-existence of both large and small industries in the economy.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The term “Mixed Economy” denotes:a)Co-existence of both consumers and producers good’s industries in the economy.b)Co-existence of both private and public sectors in the economy.c)Co-existence of both rural and urban sectors in the economy.d)Co-existence of both large and small industries in the economy.Correct answer is option 'B'. Can you explain this answer?.
The term “Mixed Economy” denotes:a)Co-existence of both consumers and producers good’s industries in the economy.b)Co-existence of both private and public sectors in the economy.c)Co-existence of both rural and urban sectors in the economy.d)Co-existence of both large and small industries in the economy.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The term “Mixed Economy” denotes:a)Co-existence of both consumers and producers good’s industries in the economy.b)Co-existence of both private and public sectors in the economy.c)Co-existence of both rural and urban sectors in the economy.d)Co-existence of both large and small industries in the economy.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The term “Mixed Economy” denotes:a)Co-existence of both consumers and producers good’s industries in the economy.b)Co-existence of both private and public sectors in the economy.c)Co-existence of both rural and urban sectors in the economy.d)Co-existence of both large and small industries in the economy.Correct answer is option 'B'. Can you explain this answer?.
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