11. Mixed economy system exist in (USA, Russia, India)
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The term 'mixed economy' is used to describe an economic system, such as that found in India, which seeks to compromise between capitalism and socialism. In such a form of economy, the elements of government control are combined with market elements in organising production and consumption.
Explanation:
The coexistence of large public sector with big private sector has transformed the economy into a mixed one. Industrial policies of 1948 and 1956 formulated by the Indian government have made the provision of such coexistence.
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correct option: Russia
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