Question

Mixed economy and decentralization of wealth in india

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

Role played by mixed economy and decentralization of wealth in india

Explanation:

• A mixed economy is a form of government that is based on socialist and capitalist forms of structures. It also refers to the planned economy.

• Its a free state of the economy that is both private and public enterprise. It shows signs of government interventions.

• Decentralization of wealth in the process by which all the wealth and decision regarding the planning is spread across states and central bodies.  

• Decentralization is the distribution of wealth equally in different parts of the country. The decentralization will promote the efficient and effective distribution of economic and social services to meet the people's needs.

• India has three different modes of decentralization such as political, administrative, and fiscal.

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• brainly.in/question/7898684 answered by abiramiragu10.