Question

A table regarding the ownership of various sectors in both the countries is given. Like Brazil, fill the details regarding India and complete the table.

 

Sr.No.	India	Sector	Brazil
1.	--	Banking	Private and public both
2.	--	Railways	Private and public both
3.	--	Airways	Private and public both
4.	--	Electricity production	Largely public
5.	--	Iron and Steel Industry	Largely public
6.	--	Health	Private and public both
7.	--	Education	Largely public, little private
8.	--	Telecommuni-cations	Private and public both

1. On the basis of the information about the ownership of various sectors in both the countries given in the table, can you infer about the type of these economies?

Answer 1

Sr.No.	India	Sector	Brazil
1.	Private and Public both	Banking	Private and public both
2.	Largely Public	Railways	Private and public both
3.	Largely Private Little Public	Airways	Private and public both
4.	Private and Public both	Electricity production	Largely public
5.	Private and Public both	Iron and Steel Industry	Largely public
6.	Private and Public both	Health	Private and public both
7.	Largely Private and Public	Education	Largely public, little private
8.	Largely Private and little Public	Telecomm­unications	Private and public both

1. By analysing this table it is quite obvious that there exist mixed economy in both the countries as in this an economic system is combined by both private as well as public enterprise.