what is indian economy? what is mixed economy?
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Answer:
An economi is the system which provides people, the best means to work and earn a living.
Explanation:
You must have observed man avtivities happening around you in your daily life. For instance, you may, have seen factories, mines, etc. All these institutions may be collectively called Economy
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Indian Economy is Mixed Economy
Explanation:
- A Mixed Economy is that economy which consists both private as well as Government sector.
- The mixed economy is the combination of a market and command economy.
- Under a mixed economy, the Private sector is allowed to decide what they want to produce but with the regulations of the government.
- Under a mixed economy, the market takes care of the people demands.
Learn more: Mixed economy
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