BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

Detailed explanation-2: -A mixed economy is defined by the co-existence of a public and private sector.

Detailed explanation-3: -Indian economy is a mixed economy because here both private and public sector co-exist and both work under the general guidance of economic planning.

Detailed explanation-4: -Examples include the economies of China, Norway, Singapore, and Vietnam-all of which feature large state-owned enterprise sectors operating alongside large private sectors.

Detailed explanation-5: -Countries like England, France, and India follow the mixed economic system where both, the state and private players, have control over the resources of distribution.