After independence, India adopted an economic system where private players aimed at profit maximisation and the government aimed at achieving social welfare.

Which economic system is discussed here?

Capitalist economy

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Socialist economy

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Mixed economy

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Democratic economy

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Solution

The correct option is C Mixed economy
After independence, India adopted a mixed economic system. It lies between a capitalist and a socialist economy. Here, both private players and the government run the economy. A balance is maintained between profit maximisation and social welfare.

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After independence, India adopted an economic system where private players aimed at profit maximisation and the government aimed at achieving social welfare. Which economic system is discussed here?

The correct option is C Mixed economyAfter independence, India adopted a mixed economic system. It lies between a capitalist and a socialist economy. Here, both private players and the government run the economy. A balance is maintained between profit maximisation and social welfare.

After independence, India adopted an economic system where private players aimed at profit maximisation and the government aimed at achieving social welfare.

Which economic system is discussed here?

The correct option is C Mixed economy
After independence, India adopted a mixed economic system. It lies between a capitalist and a socialist economy. Here, both private players and the government run the economy. A balance is maintained between profit maximisation and social welfare.