Question

Social insurance, sickness benefits, old age pension, etc some social benefits provided by _______.

• A. state in capitalist economy
• B. state in socialist economy
• C. state in mixed economy
• D. both (b) and (c)

Answer 1

The correct option is D both (b) and (c)

The states in socialist economy just look after the social welfare of the people that includes social insurance, sickness benefits, old age pension, etc whereas in mixed economy social welfare is given importance keeping in mind the welfare of the economy from the business side.