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Question
A mixed economy is characterised by the co-existence of ______.
Options
Modern and traditional industries
Public and private sectors
Foreign and domestic sectors
Commercial and subsistence sectors
MCQ
Fill in the Blanks
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Solution
A mixed economy is characterised by the co-existence of public and private sectors.
Explanation:
A mixed economy is characterised by the co-existence of both the public sector and the private sector. This means economic activities and resources are managed by both government-owned and privately-owned enterprises. It combines elements of capitalism and socialism, balancing market freedom with state intervention.
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