Question

In a mixed economy the problem of resources allocation is solved through the operation of price mechanism just as in case of capitalism economy then how it is different from a capitalistic economy?

Answer 1

Dear student
DIFFERENCE BETWEEN MIXED AND CAPITALIST ECONOMY

BASIS	CAPITALIST ECONOMY	MIXED ECONOMY
MEANING	It is the type of economic system where there is private ownership of the means of production and their operation for profit.	It is a type of economic system in which both private sector and the government together carry out various activities.
MOTIVE	Consumer is sovereign/king.	projects industrial freedom
DECISIONS	Economic decisions are taken by the price-mechanism or market mechanism.	economic decisions are taken by both the government and the market
NUMBER OF ENTERPRISES	It has a large number of private sector enterprises.	presence of large number of private sector, public sector, or joint enterprises.

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