Question:
Which economy has a co-existence of private and public sectors?
Which economy has a co-existence of private and public sectors?
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Remember: Mixed Economy = Private Sector (Capitalism) + Public Sector (Socialism).
Updated On: Sep 12, 2025
- Capitalist
- Socialist
- Mixed
- None of these
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The Correct Option is C
Solution and Explanation
A Capitalist economy is characterized by private ownership and control of the means of production.
A Socialist economy is characterized by state or public ownership and control.
A Mixed economy, as the name suggests, combines elements of both. It features a private sector driven by market forces and a public sector managed by the government, which co-exist.
Most modern economies, including India's, are mixed economies.
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