Question

0.7 Explain the following statements. Any Two)
1) The economies of India and Brazil are mixed type.
2) Fishing plays an important role in the economy of India
3) The development of means of transportation is an indicator of progress
of nation.​

Answer 1

Answer:

the answer is given below

Explanation:

Fisheries have an important place in the Indian economy as: It acts as a source of income and employment to many fishermen, particularly in coastal areas. Fish and other aquatic animals are an important source of food as it is rich in proteins, minerals and vitamins. It has a role in the enhancement of food production.

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2)In a mixed economy, there is a co-existence of both, private and public sectors. The various sectors such as banking, railways, airways, electricity production, iron and steel industry, health, education, telecommunications etc. ... All these characteristics of a mixed economy are present in Brazil and India.