Why does the government intervene in a mixed economy?

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asked Jun 12, 2022 216k views

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Kirubaharan J · Answer 1 · 2022-06-17T14:16:11+0000

Answer:

A mixed economy, thus, is an economic system that has the participation of both the public and the private sectors. ... Secondly, the government intervenes in an economy so that it can adjust market working to promote equity. Thirdly, the government intervenes in a market to reduce the extent of market failure (p8)

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Why does the government intervene in a mixed economy?

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