Economics Mixed Economy Questions
The role of the public sector in a mixed economy is to provide essential goods and services that are not efficiently provided by the private sector. This includes areas such as infrastructure development, healthcare, education, defense, and social welfare programs. The public sector also regulates and oversees the private sector to ensure fair competition, consumer protection, and the overall stability of the economy. Additionally, the public sector may engage in economic planning and intervention to address market failures and promote economic growth and stability.