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Mixed Economic System: Definition, Features, Pros & Cons

In mixed economic system, decisions regarding what, how and for whom to produce are partly handled by the state and partly by the individuals and private organizations.

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Multi-Party System | Definition, Features, Pros & Cons

A multi-party system is therefore a system in which there are several political parties of nearly equal strength. Unlike the two party system in which two of the many parties may be dominant, multipartyism is a party system in which there are several parties, any of which can win a general election.

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