What is one of the five goals of a mixed economy?

One of the key goals of a mixed economy is full employment. A mixed economy combines elements of both capitalism and socialism, aiming to harness the benefits of both systems while mitigating their shortcomings. The aim of full employment is particularly significant as it reflects the desire to utilize the available workforce effectively, ensuring that as many individuals as possible are gainfully employed. This goal not only enhances economic productivity but also contributes to social stability by reducing poverty and improving the quality of life for the population.

Full employment aligns with the values of a mixed economy by seeking a balance where both the government and the private sector play a role in promoting job creation and economic opportunities. Unlike a purely capitalist system, where profit maximization may lead to unemployment due to cost-cutting measures, a mixed economy emphasizes the responsibility of the state to intervene when necessary to support employment initiatives and provide a safety net for those in need.