SSC MTS EXAM

Detailed explanation-1: -One form of mixed economy is that in which means of production are in the ownership of private sector and the Government regulates and controls the activities of private enterprise through direct controls (such as price control, licensing system, control over imports, etc.)

Detailed explanation-2: -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-3: -The correct answer is A mixed economy is one in which the public sector (consisting of government enterprises) and the private sector (consisting of private enterprises) coexist with each other.