What is mixed economy? What are its features?

1.	What is mixed economy? What are its features?
Answer» Mixed economy is the economy that has certain features of both the capitalist economy and socialist economy. India has adopted mixed economy. Let us analyse some of the features of a mixed economy. Existence of both private and public sectors. Economy works on the principle of planning Importance to welfare activities Existence of both freedom of private ownership of wealth and economic control.

Answer»

Mixed economy is the economy that has certain features of both the capitalist economy and socialist economy. India has adopted mixed economy. Let us analyse some of the features of a mixed economy.

Existence of both private and public sectors.
Economy works on the principle of planning
Importance to welfare activities
Existence of both freedom of private ownership of wealth and economic control.

Discussion

No Comment Found

Related InterviewSolutions

Point out demerits of socialism
What is mixed economy? What are its features?
In a capitalist economy, major economic decisions are taken by
Mention the changes that were brought about as a result of liberalisation.
Define socialist economy. What are the features of a socialist economy?
Relaxation of government control and influence over the economic activities in a country is:a) Privatisation b) Liberalisation c) Globalisation d) Marketisation
Categorise the following countries into different economic systems.1. USA2. China 3. Cuba 4. India 5. Sri lanka 6. U.K.
Prepare a note on globalization.
India adopted new economic policy in
Today, purely capitalist and socialist economies can not be found in the world. Substantiate.

What is mixed economy? What are its features?

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment