Question

Q.4. What do you mean by a mixed economy?
A) Modern and traditional industries
B) Public and private sectors
C) Foreign and domestic investments
D) Commercial and subsistence farming​

Answer 1

Answer:

Your answer is (A )

Modern and traditional industries

Answer 2

Option B) Public and private sectors

Why Public and private sectors?

• A mixed economy, as the name implies, is a winning mixture of a command and a market economy.
• As a result, it adheres to both the price mechanism and central economic planning and supervision.
• Both private corporations and governmental or state-owned enterprises own the means of production.
• While market forces determine pricing, demand, supply, and other factors, the government maintains some oversight to prevent monopolisation and discrimination.

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