Indian economy is an example of a mixed economy because,
Options:
A . traditional subsistence economy coexists with modern economy
B . urban sector coexists with vast rural sector
C . private sector coexists with public sector enterprises
D . monopoly elements coexist with competitive elements
Answer: Option C Answer: (c) A mixed economy is a combination of the market economy as well as government planning. It has both private sector and public sector. Some businesses are owned by private individuals while some businesses are owned by the government. India is an example of a mixed economy.
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