Mixed Economy contains the positive aspects of:

Capitalist Economies

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Socialist Economies

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Both (a) and (b)

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Neither (a) nor (b)

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Solution

The correct option is C Both (a) and (b)
In a mixed economy, private parties as well as government own business premises but there is freedom of choice and free market operation that leads to open competition in the market which aims at private gains as well as social welfare.

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