Identify the sectors that coexist in a mixed economy model.

Public sector

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

Industrial sector

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

Joint sector

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

Private sector

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

Open in App

Solution

The correct option is D Private sector
The mixed economy model has features of both capitalistic and socialistic economies. In a mixed economic model, both public and private sectors coexist. There is a joint sector as well where some industries are owned by private industrialists, while some are run under government management.

Suggest Corrections

Similar questions

Indian economy is a mixed economy because here both the agricultural sector and industrial sector co-exist and work together.

Join BYJU'S Learning Program