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Question
An economic system where the economic activities of a nation are done both by the private and public together is termed as ______.
Options
Capitalistic Economy
Socialistic Economy
Globalisic Economy
Mixed Economy
Solution
An economic system where the economic activities of a nation are done both by the private and public together is termed as Mixed Economy.
Explanation:
A Mixed Economy is one in which private individuals (companies) and the government own and operate resources and means of production. This system contains features of both capitalism (private ownership) and socialism (public or state ownership).
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