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What is mixed economy?

Asked by Topperlearning User 21st April 2016, 12:12 PM
Answered by Expert
Answer:

Mixed economy combines the merits and avoids the demerits of market economy and centrally planned economy. They decide what, how and for whom to produce on the basis of market forces and also on the basis of social considerations.

Answered by Expert 21st April 2016, 2:12 PM
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