"Mixed economies are a golden path of economic development". explain in the context of India.
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As the name suggests a mixed economy is the golden combination of a command economy and a market economy. So it follows both price mechanism and central economic planning and oversight. The means of production are held by both private companies and public or State ownership.
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As the name suggests a mixed economy is the golden combination of a command economy and a market economy. So it follows both price mechanism and central economic planning and oversight. The means of production are held by both private companies and public or State ownership.
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