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What is meant by the mixed economy of welfare?

Updated: 10/23/2022
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Maurs

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15y ago

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A Mixed economy is an economy where the participants pay tax and other fees to support a government whose job it is to look after the defence of the country, the law and enforcement of law and infrastructure, which includes the welfare to a greater or lesser degree of its citizens. The countries that have this sort of economy are the best and most secure places to live. Tax charges go up as income does.

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Q: What is meant by the mixed economy of welfare?
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