what is mixed economy
Answers
Answer:
MIXEDECONOMY:−
✸ When all the economic activities will be owned and many by both public and private sector it,can be called as "Mixed Economy" .
✸ The government and the market together answer the three questions of what produce ,How to produce and for whom to produce .
✸ In a mixed economy in the market will provide whatever goods and services it can produce well ,and Government will provide important goods and services which the market fails to do
Answer:
Mixed economy: -
∆∆ Mixed economy refers to a concept that combines both capitalism and socialism .A mixed economic system protects private property and allows a level of economic freedom in the use of capital .
∆∆ An economic system combining state enterprise
∆∆ Indian economy is also a mixed economy