Economics Mixed Economy Questions
The role of economic growth in a mixed economy is to stimulate and sustain overall development and progress. It helps to increase the production and consumption of goods and services, leading to higher living standards and improved quality of life for individuals. Economic growth also generates employment opportunities, reduces poverty, and enhances the government's ability to provide public goods and services. Additionally, it promotes innovation, technological advancements, and competitiveness, which are crucial for the long-term sustainability and prosperity of a mixed economy.