Question

Name one type of classification of the economy?*
1) Urban
2) Rural
3) Public/private
4) state/national​

Answer 1

Answer:

3) is the correct answer according to me

Explanation:

hope it's helpful

good evening

Answer 2

Answer:

3) Public/private

Explanation:

The main motivation of the public sector remains the means of public interest, but the private sector mainly produces for profit. In a mixed economy, the role of the market system is paramount. Markets for productive factors/factors and products exist, but these markets are not outside the control of the government. In terms of ownership, a public sector undertaking includes all those units which are owned by the government. The private sector includes all those enterprises which are owned by individuals.  Any organization which is owned and controlled by the government is called a public sector unit. Here public means the government and not the general public.

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