How does a mixed economy help developing countries improve their standard of living?

Question

How does a mixed economy help developing countries improve their standard of living?

Answer 1

they can learn more than ever

Answer 2

Big companies give jobs to people who are uneducated or desperate for a job, while small companies help the owners earn a lot of money.

Agriculture is very common. Due to competition, farmers are forced to find ways to improve their crops.

This all helps compete in the global market, helping them increase their standard of living.

Answer 3

Look at India, it's mixed.

The socialist plans help the poor get land, education, food, jobs, etc.

While the democratic plans let the wealthy keep their businesses and still make money

Answer 4

The Economy that works is a Free Market Economy.