Question

What is mixed economy why india adopted mixed economy?

Answer 1

Answer:

a mixed economy, private and public sectors go side by side. The government directs economic activity in some socially important areas of the economy, the rest being left to the price mechanism to operate. Before Independence, Indian economy was a 'laissez faire' economy

Answer 2

Mixed economy

Explanation:

• A mixed economy is an economic system where both the private and state sector directs the economy.
• As a name suggest a mixed economy has the feature of both private and government control. it is a mixture of both capitalism and socialism.
• India adopted a mixed economy because its private feature boom the economy and government control prevent people from its exploitation.

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