Question

Which of the following statement is correct with reference to the mixed economy system in India?

Options

• Predominance of free market economics system over the government regulated economy.

• Absence of economic planning.

• Ownership of factors of production only to private sector.

• Co-existence of public and private sector.

Answer 1

Co-existence of public and private sector.

Explanation:

A mixed economy is one in which the private and public sectors coexist and shares characteristics of both capitalist and socialist economies.