Question

It is common in a mixed economy.

• A. It fails to adjust itself with the changing circumstances
• B. Its success depends on the experience of governmant
• C. Market mechanism is not totally abolished
• D. All of the above

Answer 1

The correct option is A It fails to adjust itself with the changing circumstances

In a mixed economy, both capitalism as well as socialism is given importance so the relationship is set between to diverged ends of an economy which brings failure to all attempts that are put when the circumstances are changing in a dynamic economy.