SSC MTS EXAM

Detailed explanation-1: -Today, India is considered a mixed economy: the private and public sectors co-exist and the country leverages international trade.

Detailed explanation-2: -Indian economy is a mixed economy. A mixed economy can be defined as a market system which entails features from both the capitalist economy as well as socialist economy. Decisions in a mixed economy are jointly taken by both the private as well as public sector.

Detailed explanation-3: -A mixed economy is an economic arrangement of a free market and socialistic ideals that makes it follow a pattern of capitalism and socialism. The mixed economies uphold private ownership of production activities but within governmental control.