Question

Mixed Economy is the basic framework of planning in India. Justify the given statement.

Answer 1

Answer:

Mixed economy is an economic system in which major economic decisions are taken by the Central Government authority as well as is left to free play of the market. It is the basic framework of planning in India. ... (ii) Planned economy development ensures stability and balanced development.

Explanation:

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Answer 2

Answer:

yes our India pursue mixed economy because it is justified for the people of our economy

...

private sector and public sector both are involved in this economy .

not everyone is rich so just to balance the gap between rich and poor this economy works best to promote equity

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