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Which of the following are the features of a mixed economy?
- a)Planned economy
- b)Dual system of pricing exists
- c)Balanced regional development
- d)All of the above
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Which of the following are the features of a mixed economy?a)Planned e...
Features of a mixed economy:
- Planned economy: A mixed economy combines elements of both a market economy and a planned economy. While it allows for private ownership and individual decision-making, the government also plays a role in planning and regulating economic activities.
- Dual system of pricing exists: In a mixed economy, there is a combination of market-determined prices and government-regulated prices. While some goods and services may be priced according to supply and demand in the market, others may have price controls imposed by the government to ensure affordability or to address social issues.
- Balanced regional development: A mixed economy aims to achieve balanced regional development by promoting economic growth and development across different regions. This may involve government interventions such as infrastructure development, investment incentives, or regional development policies to reduce regional disparities.
Therefore, the correct answer is (D) All of the above. A mixed economy includes elements of planned economy, a dual system of pricing, and efforts towards balanced regional development.
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- Planned economy: A mixed economy combines elements of both a market economy and a planned economy. While it allows for private ownership and individual decision-making, the government also plays a role in planning and regulating economic activities.
- Dual system of pricing exists: In a mixed economy, there is a combination of market-determined prices and government-regulated prices. While some goods and services may be priced according to supply and demand in the market, others may have price controls imposed by the government to ensure affordability or to address social issues.
- Balanced regional development: A mixed economy aims to achieve balanced regional development by promoting economic growth and development across different regions. This may involve government interventions such as infrastructure development, investment incentives, or regional development policies to reduce regional disparities.
Therefore, the correct answer is (D) All of the above. A mixed economy includes elements of planned economy, a dual system of pricing, and efforts towards balanced regional development.
Most Upvoted Answer
Which of the following are the features of a mixed economy?a)Planned e...
In mixed economy all the decision are mainly taken by both private sector as well as gov so we can call it planned economy and both government and private sector fix price so there is double system of price and government thinks for welfare of society that help in balanced regional development
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Which of the following are the features of a mixed economy?a)Planned economyb)Dual system of pricing existsc)Balanced regional developmentd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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