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Give reason. There is mixed economy in Brazil and India. - Geography

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Question

Give reason.

There is mixed economy in Brazil and India.

Answer in Brief

Solution

  1. In a mixed economy, there is a co-existence of both, private and public sectors.
  2. The various sectors such as banking, railways, airways, electricity production, iron and steel industry, health, education, telecommunications etc. are owned by the public as well as the private sector in mixed economies.
  3. Its main goal is to strike a balance between profit and social welfare.
    All these characteristics of a mixed economy are present in Brazil and India. Therefore, there is a mixed economy in both countries.
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Chapter 8: Economy and Occupations - Give geographical reasons

APPEARS IN

SCERT Maharashtra Geography (Social Science) [English] 10 Standard SSC
Chapter 8 Economy and Occupations
Give geographical reasons | Q 1
Balbharati Geography (Social Science) [English] 10 Standard SSC Maharashtra State Board
Chapter 8 Economy and Occupations
Exercise | Q 3. 2 | Page 60

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Between India and Brazil, whose per capita income is less?


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