Question

What is the meaning of rise in the level of taxation by the government due to mixed economic system

Answer 1

Answer:

One of the main consequences of any mixed economic system is, necessarily, raising taxes in order to finance the greater presence of the government in the economy and the needs of society.

Thus, by actively participating in the economy, both at the micro and macro levels, the government needs greater amounts of money in order to insert it into the different sectors of the economy in which it participates, which is why it requires greater financing, which arises mainly from taxes.