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Types of Economies — Economics STD 9 — Question

ICSE BoardEnglish MediumSTD 9EconomicsTypes of Economies3 Marks
Question
State three merits of mixed economy.
✓

Answer

Three Merits:
(i) It is a good compromise between capitalism and socialism.
(ii) It promotes healthy competition between public sector and private sector.
(iii) Balanced growth is possible.

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