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Question

Under mixed economy framework, free markets and price mechanism operate under the control and regulation of the government.

A
True
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B
False
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Solution

The correct option is A True

In a mixed economy, private decisions are intervened by the government due to which there is problem in price mechanism where prices of a commodities are determined by the forces of demand which involves consumers and supply which involves producers and labours with exception set by government on some basic commodities.


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