Meritorious mixed economy
For any country to succeed in the modern world, it needs to have a good basis for a strong economy. A mixed economy in which the development of the country is given prime importance is of course the most ideal. A mixed economy can help a country progress for the simple reason that it consists of the merits of both the public sector and the private sector and both the sectors work towards one goal which is the progress of the nation. Both the private sectors and the public sectors enjoy a balanced growth in a mixed economy thus encouraging rapid economic development of the country.
