McqMate
| Q. |
A mixed economy works primarily through the - |
| A. | market mechanism |
| B. | central allocative machinery |
| C. | market mechanism regulated by Government policy |
| D. | market mechanism guided by Government participation and planning |
| Answer» D. market mechanism guided by Government participation and planning | |
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Explanation: Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies. The basic idea of the mixed economy is that (he means of production are mainly under private ownership; that markets remain the dominant form of economic coordination: and that profit- seeking enterprises and the accumulation of capital remain the fundamental driving force behind economic activity. |
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