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Mixed Economy refers to an economy where

  1. A
    both agriculture and industry are equally promoted by the State.
  2. B
    there is co-existence of public sector and private sector.
  3. C
    there is co-existence of foreign firms and domestic firms.
  4. D
    economy is under joint control of elected government and military.

Solution & Step-by-step Explanation

A mixed economy is an economic system that blends elements of a market economy (private enterprise) with elements of a planned economy (public/state enterprise). In India, both the private sector and public sector coexist and operate simultaneously.

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Mixed Economy refers to an economy where
A
both agriculture and industry are equally promoted by the State.
B
there is co-existence of public sector and private sector.
C
there is co-existence of foreign firms and domestic firms.
D
economy is under joint control of elected government and military.

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Indian EconomyEconomic SystemsMixed Economy

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