Explain any two characteristics of Indian economy on the basis of which you can say that Indian economy is a mixed economy.
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a: India follows both socialist and capitalistic views
b:democracy exists in a strict(capital) regument
b:democracy exists in a strict(capital) regument
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A mixed economic system ensures private property and permits a level of monetary flexibility in the utilization of capital, yet in addition, takes into account governments to meddle in monetary activities with a specific end goal to accomplish social aims.
The highlights of a blended economy which exist in India are:
- Private ownership for production: This is seen in a large portion of the agrarian, modern and administration divisions.
- Important roles of market mechanisms: Market powers of demand and supply have a free role in deciding the cost of the product. The intercessions of the legislature in value assurance have generously lessened.
- The growth of Monopoly: India has seen the rise of countless houses, for example, Tatas, Birlas, Reliance, and so forth in the private area.
The highlights of a blended economy which exist in India are:
- Private ownership for production: This is seen in a large portion of the agrarian, modern and administration divisions.
- Important roles of market mechanisms: Market powers of demand and supply have a free role in deciding the cost of the product. The intercessions of the legislature in value assurance have generously lessened.
- The growth of Monopoly: India has seen the rise of countless houses, for example, Tatas, Birlas, Reliance, and so forth in the private area.
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