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Question

In a mixed economy, industries are found in ________.

A
private sector
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B
public sector
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C
joint sector
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D
all of the above
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Solution

The correct option is D all of the above
Mixed economy is an economy that is a combination of capitalist and socialist economy. It is categorised into three sectors based on ownership of resources:
  • Private sector which is owned by private sector.
  • Public sector which is owned by the government.
  • Joint sector which is owned in partnership between the private agents and the government.

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