MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Opportunity Cost

In the mixed ...

Question

In the mixed economy factors of production are not only owned by governmentbut also by private sector

A

False

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

B

True

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

Open in App

Solution

The correct option is B True

Suggest Corrections

thumbs-up

0

Similar questions

Q. This economic and political system is dominated by private enterprises. The factors of production are owned by private individuals or firms. This system believes in a free-market economy and encourages ownership of private property and creation of wealth. Identify this system.

Q. In the capitalist economy Factors of Production is owned by?

Q. Identify the sectors owned by the state in a mixed economy.

Q. Under the capitalistic economy the factors of production are owned by ________________.

Q. A system of economy in which all means of production are owned and controlled by private individuals for the purpose of profit is called ___________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Opportunity Cost and PPF

ECONOMICS

Watch in App

explore_more_icon

Explore more

Opportunity Cost

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon