Question

What is the main aim of mixed economy?

• A. To balance between profit and social welfare.
• B. To earn profit
• C. To achieve social welfare
• D. All of above

Answer 1

Answer: (A)

To balance between profit and social welfare.

Mixed economy aims at maintaining a balance between a high rate of economic growth, low inflation, low levels of unemployment, good working conditions, public welfare and public services by using state intervention. It protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities.