Question

An economy where both private and state owned enterprises co-exists is called _________.

• A. duel economy
• B. mixed economy
• C. socialistic economy
• D. capitalistic economy

Answer 1

The correct option is B mixed economy

In a mixed economy, like India, means of production are owned by state as well as private individuals. In mixed economy free play of market forces exist but with the slight intervention of the state policies.