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Question

"Co-existence of private and public sectors." This comes under which type of economy?

A
Capitalistic economy
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B
Mixed economy
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C
Socialistic economy
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D
All of above
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Solution

The correct option is B Mixed economy
A mixed economy is a system which consists of a mixture of either markets, public ownership and private ownership. The political definition of mixed economy means it is a mix of public and private ownership of enterprises in the economy and is not concerned with political forms and public policy.

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