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What is Merits and Demerits of Mixed Economy about?

This document discusses the merits and demerits of a mixed economy system. Among the merits are that it encourages private sector growth, provides economic and occupational freedom, allows for optimum use of resources, and helps control economic inequalities. However, demerits include the system being unstable and ineffective, inefficient planning, lack of efficiency in both public and private sectors, delays in economic decisions, wastage of resources, and the risk of corruption.

Author

Zeba Khatoon

Language

EN