Question

There is mixed economy in Brazil and India.​

Answer 1

Answer:

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1. There is mixed economy in Brazil and India.

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There is mixed economy in the part of the Brazil as well as India has same weather and soil so become main reason for the mixed economy. Brazil is 6th largest market rates for the exchanges and also eight largest in the purchasing power parity . Both country has important emerging economies in the current days.

Answer 2

Answer:

i. In a mixed economy, there is a co-existence of both, private and public sector.

ii. The various section such as banking, railway, airways, electricity production, iron

and steel industry, health, education, telecommunications, etc. are owned by

public as well as private sector in both the countries.

iii. Its main goal is to strike a balance between profit and social welfare.

Therefore, there is mixed economy in Brazil and India.