ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -For example, the United States is a mixed economy, as it leaves ownership of the means of production in mostly private hands but incorporates elements such as subsidies for agriculture, regulation on manufacturing, and partial or full public ownership of some industries like letter delivery and national defense.

Detailed explanation-2: -The U.S. has a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces the free market when it comes to capital use, but it also allows for government intervention for the public good.

Detailed explanation-3: -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.

Detailed explanation-4: -The U.S. has a mixed economy that blends some aspects of command and market economies. Relative to other countries around the world, the U.S. is among the more market-oriented nations, but it imposes strict regulations and controls in some areas.

Detailed explanation-5: -Today, India is considered a mixed economy: the private and public sectors co-exist and the country leverages international trade.