Economics Mixed Economy Questions
The role of economic reforms in a mixed economy is to improve efficiency, promote competition, and enhance economic growth. These reforms aim to strike a balance between government intervention and market forces by introducing policies that encourage private sector participation, deregulation, and liberalization. Economic reforms also seek to address issues such as income inequality, unemployment, and poverty by implementing measures like social welfare programs and progressive taxation. Overall, economic reforms in a mixed economy aim to create a favorable environment for businesses to thrive while ensuring social welfare and equitable distribution of resources.