Question

Necessity of role of control on mixed economy india upsc

Answer 1

The Answer is...

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.

Hope this helps...

Answer 2

$<h2>$
In mix economy , private

and public sector 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