Question

which of the following describe market most appropriately
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Answer 1

After becoming independent, the then Prime Minister of India, Jawaharlal Nehru decided that the Indian economy will not join any particular group of socialist or capitalist economies.

Few of the industries were kept under public domain whereas others were open for private entrepreneur thus making it a mixed economy.

Answer 2

→Answer is _

One of the most important characteristics of a market economy, also called a free enterprise economy, is the role of a limited government.

→Additional :

: A market is defined as the sum total of all the buyers and sellers in the area or region under consideration