Co-existence of public and private sector, individual freedom and economic planning are the features of _____.

Capitalistic economy

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Socialist economy

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Mixed economy

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Mixed economy
Co-existence of public and private sector, individual freedom and economic planning are the features of mixed economy. India is the best example for this type of economy.

Suggest Corrections

Similar questions

Q25. Which of the following statements are correct?

1. A mixed economy refers to market economy with strong regulatory oversight and governmental provision of public goods.

2. A socialist economic system is characterized by social ownership and democratic control of the means of production.

3. Capitalism is an economic system in which capital goods are owned by private individuals.

4. Marxian economics provided a foundation for capitalism.

Join BYJU'S Learning Program