GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mixed economy means:
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Where agriculture and industry are given equal importance
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Where public sector exists alongwith the private sector in national economy
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Where globalization is transferred with heavy dose of Swadeshi in natrional economy
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Where the Centre and the States are equal partners in economic planning and development
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Explanation:
Detailed explanation-1: -In the Mixed Mixed Economy system, all three sectors exist together, that is the private sector, public sector and joint sector. The government and private companies together hold the responsibilities of the respective division.
Detailed explanation-2: -Mixed economy is one in which both public and private enterprises exist together, with some level of freedom to utilize capital for profit making.
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