Question

The form of Indian Economy is:
(a) Capitalist
(b) Socialist
(c) Mixed
(d) None of these

Answer 1

Answer:

form of Indian economy is related with socialist

Answer 2

Answer:

India's economy shows mixed type of economic system because it consists of both public and private sectors that why it is a mixed economy.

It represents to achieve individual and initiative and social goals.

Mixed economy share control of making, selling, and exchange of goods in the country.

A mixed economy promotes quick economic development.

A mixed economy allows healthy competition that can result in profit.