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Give an explanation: India’s economy is of mixed type. - Geography

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प्रश्न

Give an explanation:

India’s economy is of mixed type.

थोडक्यात उत्तर

उत्तर

  • In a mixed economy, public and private sectors exist at the same time or in the same place.
  • They live in an agreement in spite of different beliefs or interests, a balance is maintained between profit and social welfare, all this is seen in the Indian economy hence India’s economy is a mixed type.
  • In India, ownership and management of the means of production is divided between private industrialists and the government.
  • Private sector industrialists strive to earn profits, while public sector strives for social welfare.
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Types of Economy
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 8: Introduction to Economics - Exercise [पृष्ठ ६६]

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बालभारती Geography (Social Science) [English] 9 Standard Maharashtra State Board
पाठ 8 Introduction to Economics
Exercise | Q (2) (2) | पृष्ठ ६६
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