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Question
State a country which follows the mixed economic system.
State a country which follows the mixed economic system.
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Solution
The correct option is A India
India after independence adopted the mixed economy structure. By doing this the key sectors like defense, power, coal etc were kept under the public domain and rest were open for private sector. Eventually the industries under the public domain reduced but still have some importance and government through its regulatory boards keeps a check on private sector activities.
India after independence adopted the mixed economy structure. By doing this the key sectors like defense, power, coal etc were kept under the public domain and rest were open for private sector. Eventually the industries under the public domain reduced but still have some importance and government through its regulatory boards keeps a check on private sector activities.
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