Question

The basic economic problems are solved in the public sector of a mixed economy through decision making by the planning authority.

• A. True
• B. False

Answer 1

The correct option is A True

In a mixed economy, the public sector price mechanism i.e. price affects the demand and supply of the commodities is directed by a centrally based planning authority that controls the price mechanism to certain limits and regulates it to protect civilians from fraudulent practices.