English
Maharashtra State BoardSSC (English Medium) 9th Standard

Write a short note on Mixed Economy. - History and Political Science

Advertisements
Advertisements

Question

Write a short note on Mixed Economy.

Short Note

Solution

The economy in which some industries are owned by private industrialists and some are owned by the government is called a 'mixed economy'. In this economy, the public and private sectors are run together e.g. India. In order to achieve economic development of modern India, we gave preference to a model of ‘mixed economy’. We can see three parts in this kind of economy:

  1. Public Sector: The industries in this sector are completely under the control and management of the government. For example, production of defence equipment.
  2. Private Sector: The industries in this sector are owned by private industrialists. Of course, the government supervises and controls them too. For example, consumer goods.
  3. Joint Sector: In this sector, some industries are owned by private industrialists, while some are run under government management.
shaalaa.com
Mixed Economy
  Is there an error in this question or solution?
Chapter 1.04: Economic Development - Exercises [Page 22]

APPEARS IN

Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×