Q.2 Fill in the Blanks. 1. Name the economics system followed in india is
Answers
Answer:
India has followed both kinds of economic systems, which are the Capitalist & Socialist economy. So that's why India has been called the Mixed economy. Economy: The economy is a type of social science that concerned with the distribution, production, and consumption of various goods and services.
CAPITALIST ECONOMY: Capitalism is an economic system in which any kind of a pr...
MIXED ECONOMY: A mixed economic system is a system that combines both aspects ...
SOCIALIST ECONOMY: Socialist economy means the economic system under
Answer:
Mixed economic system
Explanation:
India has followed both kinds of economic systems, which are the Capitalist & Socialist economy. So that's why India has been called the Mixed economy.
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