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Which of the following is/are the features of Mixed Economy?
1.Price Mechanism and regulated Price
2.Private Property is allowed
3.Profit Motive
4.Check on Economic Inequalities Select the correct answer using the
codes given below:
1 only
1 and 4 only
2 and 3 only
1, 2, 3, and 4
Price Mechanism and regulated Price (Correct - A mixed economy allows both the market-driven price mechanism and, in certain cases, regulated prices to achieve economic objectives.)
Private Property is allowed (Correct - In a mixed economy, private property is typically allowed, allowing individuals to own and control property and resources.)
Profit Motive (Correct - In a mixed economy, the profit motive is a driving force, encouraging entrepreneurship and economic growth.)
Check on Economic Inequalities (Correct - A mixed economy often seeks to address economic inequalities through a combination of market forces and government interventions.)
So, the correct combination is "1, 2, 3, and 4," which corresponds to option 4.
By: Kamal Kashyap ProfileResourcesReport error
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