Question

Mixed economy means an economy where ______________________.

• A. Both agriculture and industry are equally promoted by the State
• B. There is co-existence of public sector along with private sector
• C. There is importance of small scale industries along with heavy industries
• D. Economy is controlled by military as well as civilian rulers

Answer 1

The correct option is B There is co-existence of public sector along with private sector

Mixed economy is one in which both public and private enterprises exist together, with some level of freedom to utilize capital for profit making.
However, government interference is expected to achieve social aims. It is, however, coexistence of capitalism and socialism.