Question

india's economy is a mixed economy. Give two arguments in support of your answer

Answer 1

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. But post-independence, she adopted the mixed economy system.

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

Answer 2

Answer:

india is a mixed economy give one reason to support your answer