A major setback in any mixed economy is
ECONOMICS
WAEC 1998
A major setback in any mixed economy is
- A. that is combined both the capitalist and socialist systems
- B. the freedom of choice in the production and consumption of goods and services
- C. that government intervenes to secure full utilization of resources
- D. that the absence of profit motive in the public sector may reduce incentives for hard work
Correct Answer: D. that the absence of profit motive in the public sector may reduce incentives for hard work
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