Answer: Option A
Answer: (a)
The concept of a mixed economy evolved from the ideas of Keynes. The concept of a mixed economy means that both private enterprises and public enterprises coexist.
However, the condition attached is that the private enterprises must work for serving society rather than having only self-interest. Further, private enterprises may not be allowed in every sector of the economy like an area of national importance.
There are 3 types of economic systems:-
Capitalism - the private ownership of the means of production (capital) and a market economy for coordination. As-corporate capitalism
Mixed Economy Example - American school, Japanese system, Nordic model, Social corporatism etc
Socialism - In this economic system, two coordinating mechanisms (planning and market) are suspended into a planned socialist and market socialist systems.