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Question
The economic problems in a mixed economy are solved with the use of ____________.
The economic problems in a mixed economy are solved with the use of ____________.
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Solution
The correct option is C both A & B
In a mixed economy both private as well as public enterprises utilize the resources for the production of goods and services in the economy for personal as well as social gains. Therefore, the private sector generates price mechanism in the economy to solve to the centrally based economic problems whereas the public sector depends upon an efficient economic plan to be executed to eradicate these problems.
In a mixed economy both private as well as public enterprises utilize the resources for the production of goods and services in the economy for personal as well as social gains. Therefore, the private sector generates price mechanism in the economy to solve to the centrally based economic problems whereas the public sector depends upon an efficient economic plan to be executed to eradicate these problems.
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