1.

The five merits of indian economy?

Answer»

The most important advantage of mixed economy is that it provides encouragement to private sector and it gets proper opportunity to grow. It leads to increase in capital formation within the country.

(II) Freedom:

In a mixed economy, there is both economic and occupational freedom as FOUND in CAPITALIST system. Every individual has a liberty to choose any occupation of his CHOICE. Similarly, every PRODUCER can take decisions regarding production and consumption.
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