SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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private and public sectors run in which economy system
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socialist
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mixed
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capitalist
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both socialist and capitalist
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Explanation:
Detailed explanation-1: -A mixed economy is defined by the co-existence of a public and private sector. The specific mix between public and private can vary significantly from one mixed economy to another, however. Based on their respective natures, the private sector is subservient to the public sector.
Detailed explanation-2: -Indian Economy consists of mixed economy. A mixed economy refers to an Economic system where both private and government enterprises co-exist. The economy is therefore classified into two sectors i.e., the private sector and public sector.
Detailed explanation-3: -Co-existence of public and private sector, individual freedom and economic planning are the features of mixed economy.
There is 1 question to complete.