Mixed economy means an economy where

(A) Both agriculture and Industry are equally promoted by the state
(B) There is co-existence of public sector along with private sector
(C) There is importance of small scale industries along with heavy industries
(D) Economy is controlled by military as well as civilian rulers

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Correct Answer : There is co-existence of public sector along with private sector
Question Asked : OPSC OCS Pre. Exam 2018
Explanation : Mixed economy means an economy where there is co-existence of public sector along with private sector. It combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital. but also allows for governments to interfere in economic activities in order to achieve social objectives.
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Web Title : mixed economy means an economy where
Tags : Indian Economy
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