Mixed economy is characterised by:
Mixed economy is characterised by:
The correct option is B All the above
The features of a mixed economy are:
1. Co-existence of Private and Public Sector: Both the public sector (controlled by the government like small and medium enterprises, power, energy, etc.) and the private the sector (controlled by individuals and businesses like consumer goods) co-exist.
2. Combination of Planning with Price System: There is a controlled and planned pricing system where limits are imposed by the government on the prices of certain products.
3. Coordination among the objectives of Private Profits and Social Welfare: The private sector tries to maximize its profits whereas the public sector focuses on the welfare of the public. Thus the mixed economy system ensures that there is a perfect balance between both of the objectives.
The features of a mixed economy are:
1. Co-existence of Private and Public Sector: Both the public sector (controlled by the government like small and medium enterprises, power, energy, etc.) and the private the sector (controlled by individuals and businesses like consumer goods) co-exist.
2. Combination of Planning with Price System: There is a controlled and planned pricing system where limits are imposed by the government on the prices of certain products.
3. Coordination among the objectives of Private Profits and Social Welfare: The private sector tries to maximize its profits whereas the public sector focuses on the welfare of the public. Thus the mixed economy system ensures that there is a perfect balance between both of the objectives.
