Indian Economy is a __________.

capitalist economy

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socialist economy

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mixed economy

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not an economy at all

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Solution

The correct option is A mixed economy
Indian economy is a mixed economy. A mixed economy can be defined as a market system which entails features from both the capitalist economy as well as socialist economy. Decisions in a mixed economy are jointly taken by both the private as well as public sector.

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Similar questions

A mixed economy is an economic system combining private and state enterprise.

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

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