Economics · Types of Economies
A mixed economy refers to an economic system characterized by which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Absence of government intervention in market forces
- 2Coexistence of both public and private sectors✓
- 3Rapid development of the private sector
- 4Dominance of the public sector in manufacturing
Correct answer
Coexistence of both public and private sectors
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