Question

India has a mixed economy. explain​

Answer 1

Answer:

In a mixed economy, private and public sectors go side by side. ... The government directs economic activity in some socially important areas of the economy, the rest being left to the price mechanism to operate. Before Independence, Indian economy was a 'laissez faire' economy.

Answer 2

Answer:

In a mixed economy, private and public sectors go side by side. The government directs economic activity in some socially important areas of the economy, the rest being left to the price mechanism to operate. Before Independence, Indian economy was a 'laissez faire' economy.

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