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Question
Which of the following country adopted mixed economy?
Which of the following country adopted mixed economy?
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Solution
The correct option is C All of above
A mixed economy is defined as an economic system consisting of a mixture of public ownership and private ownership.- In India, private ownership is found in production sector along with presence of free enterprises.
- In UK, private enterprise companies are free to decide what to produce and for whom to. Public good are here consumed by the market rather than individually.
- Sweden is a competitive mixed economy featuring a generous universal welfare state financed through relatively high income taxes that ensures that income is distributed across the entire society.
A mixed economy is defined as an economic system consisting of a mixture of public ownership and private ownership.
- In India, private ownership is found in production sector along with presence of free enterprises.
- In UK, private enterprise companies are free to decide what to produce and for whom to. Public good are here consumed by the market rather than individually.
- Sweden is a competitive mixed economy featuring a generous universal welfare state financed through relatively high income taxes that ensures that income is distributed across the entire society.
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