Question

india's economy is a mixed economy. Give reason of your answer

Answer 1

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. ... Thus, it is clear from the following arguments that our economy is a mixed economy.

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Answer 2

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. ... Thus, it is clear from the following arguments that our economy is a mixed economy.