Question

What are the merits of mixed economy ?

• A. Social Welfare
• B. Lesser income inequalities
• C. Encouragement to private sector
• D. All of the above

Answer 1

The correct option is D All of the above

Following are the merits of mixed economy:-
a) Social Welfare.
b) Encouragement to private sector.
c) Lesser income inequalities.
d) Economic development
As mixed economy is the combination of government and private invidual so it encourages private sector as well as public sector. lesser income inequalities due to govt control.