Question

Under mixed economy, the economic control is exercised by _________ and ____________ sectors.
Fill in the blanks.

Answer 1

Under mixed economy system, the economic control is exercised by public sectors and private sectors.

Mixed economy is a successful amalgamation of capitalism and socialism which came into existence very recently.

This system illustrates the freedom of economic activities as well as the government interferences for the cause of social welfare.

So, it can be conferred as the blend of economies.

To pace up the economic development, developing country like India has adopted mixed economy.