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Question

Which one of the following statement is not correct regarding Mixed Economy ?

A The principal aim of a mixed economy is to maximize social welfare
B There is a central planning authority in a mixed economy
C Inadequate Accounting System
D The Public Sector is under the control and direction of the state

Answer & Explanation

Answer: A mixed economy allows no freedom to hold private property, to earn profit, to consume, produce and distribute and to have any occupation

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