Question
Indian Economy is a/an :
Answer: Option A
Answer: (a)
All developing countries like India are mixed economies. A mixed economy is neither pure capitalism nor pure socialism but a mixture of the two systems.
The features of a mixed economy which exist in India are:
Private ownership of means of production;
The important role of market mechanism;
Presence of a large public sector along with free enterprise;
Economic planning
Was this answer helpful ?
Answer: (a)
All developing countries like India are mixed economies. A mixed economy is neither pure capitalism nor pure socialism but a mixture of the two systems.
The features of a mixed economy which exist in India are:
Private ownership of means of production;
The important role of market mechanism;
Presence of a large public sector along with free enterprise;
Economic planning
Was this answer helpful ?
More Questions on This Topic :
Question 1. What is a bank rate ?
....
Question 5. The second plan gave priority to
....
Question 6. Gross domestic product is a measure of :
....
Latest Videos
Latest Test Papers
Submit Solution