Political Science · Political Processes in India
A mixed economy means:
AA mixed form of production techniques
BThe co-existence of the public and private sectors ✓ Correct
CAn economy of the third world only
DAn emerging market economy
Correct answer: (B) The co-existence of the public and private sectors — A mixed economy is one where the public and private sectors co-exist, so that is the answer.
Explanation
★A mixed economy is one where the public and private sectors co-exist, so that is the answer.
★Both state-owned and privately-owned enterprises operate together.
★The state plans and runs key industries.
★Private enterprise runs alongside under regulation.
★India adopted a mixed economy after independence.
★So the defining feature is the co-existence of both sectors.
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