Economics Mixed Economy Questions
The role of public education in a mixed economy is to provide equal access to education for all individuals, regardless of their socioeconomic background. It aims to equip individuals with the necessary knowledge and skills to participate in the economy and contribute to its growth. Public education also plays a crucial role in reducing income inequality and promoting social mobility by providing opportunities for upward mobility through education. Additionally, it helps in developing a skilled workforce, which is essential for economic development and competitiveness in a mixed economy.