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Advantages of the Mixed Economy
Necessary services are provided in a true market economy, services which were not able to make profit would not be provided.
Incentive: Since there is a private sector where individuals can make a lot of money, incentives still exist in the mixed economy.
Competition: Prices of goods and services in the private sector are kept down through competition taking place.
Functions of Commercial Banks In modern economy, commercial banks have the following functions: i. They provide a safe deposit for money and other valuables. ii.
'' monopoly is good for consumer welfare" is this crrect
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