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Question
Mixed Economy means :
Options:
A .  Co-existence of small and large industries
B .  Co-existence of public and private sectors
C .  Promoting both agriculture and industries in the economy
D .  Co-existence of rich and poor
Answer: Option B
Answer: (b)
A mixed economy is variously defined as an economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or free markets and economic interventionism.
All modern economies are mixed where the means of production are shared between the private and public sectors.

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