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State two advantages of a mixed economy. - Economic Applications

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Questions

State two advantages of a mixed economy.

State three merits of mixed economy.

Very Short Answer
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Solution

  1. It is a good compromise between capitalism and socialism. 
  2. Balanced growth is possible.
  3. It promotes healthy competition between public sector and private sector. 
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Notes

Students should refer to the answer according to their questions.

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Chapter 4: Types of Economies - QUESTIONS [Page 58]

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J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 4 Types of Economies
QUESTIONS | Q 8. | Page 58
J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 4 Types of Economies
QUESTION BANK | Q 8. | Page 59
J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 4 Types of Economies
QUESTIONS | Q 8. | Page 71
J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 4 Types of Economies
QUESTION BANK | Q 8. | Page 72
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