(B) Explain the concepts.
(1) Mixed Economy
(2) 20-point Programme
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6
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Mixed Economy -A mixed economy is variously defined as an economic system blending elements of a market economy with elements of a planned economy, free markets with state interventionism, or private enterprise with public enterprise
20-point programme- The main provisions of the 20-point programme are as follows:
(1) The land ceiling for cities and agricultural land, equal division of wealth, minimum wages for workers, increase in water conservation schemes.
(2) Workers' participation in industry, national training scheme, freeing bonded labour.
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5
Answer:
- The economy with mixed cultures is called mixed economy.
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