Which South Asian country is the BEST example of a mixed economy, in which there are elements of both market and command economies?
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i think India is the right answer.
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A mixed market economy has both government and private run industries that do well to the people. In mixed economy, the production and benefits are shared between the private and the public sector. so a mixed market economy must have to exist under a democratic government that provides some regulations. So the answer might be India.
A mixed market economy with no regulation will do no good to the people and also bring complete disaster to a country’s economy.
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