Coexistence of public and private sector
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(i) Coexistence of Public and Private Sectors:
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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Hi
Explanation:
Private sector : public sectors are run by individual. Example :school.
Public sector : public sector is run by government. Examples :railways.
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