Subject Category > General Knowledge

Q. The term 'mixed economy' denoted

A) existence of both private and public sectors

B) existence of both rural and urban sectors

C) existence of both developed and underdeveloped sectors

D) existence of both heavy and small industries

existence of both private and public sectors

Additional Information > Exam point of View

A mixed economy combines features of both capitalism and socialism, allowing private enterprises and government intervention to coexist.

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