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Blababa [14]
3 years ago
9

What is the purpose of government rules and regulations in a mixed economy

History
1 answer:
Tems11 [23]3 years ago
6 0

Answer:

What is a Mixed Economic System?

A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims. According to neoclassical theory, mixed economies are less efficient than pure free markets, but proponents of government interventions argue that the base conditions required for efficiency in free markets, such as equal information and rational market participants, cannot be achieved in practical application.

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The major ways in which Lutherans and Calvinists differ are:

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Lutheranism is another of the major protestant denominations, begun in the 16th century by as a movement by Martin Luther (1483 - 1546), who was a German Augustinian monk and theology professor at the university of Wittenberg in Saxony.

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Explanation:

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