justify why a mixed economy is often considered a more practical – Discussion Forum

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Virat

Asked: September 18, 2026In: Class 9 Social Science

Critically examine why pure economic systems rarely exist in reality. Assess the limitations of such systems and justify why a mixed economy is often considered a more practical and effective approach in real-world contexts.

Pure market systems cause monopolies, extreme inequality and neglect public welfare, while pure planned systems stifle entrepreneurship, efficiency and individual freedom. A mixed economy balances market-driven growth with government social welfare safeguards.