The term 'mixed economy' denoted

Q. The term ‘mixed economy’ denoted

A

existence of both rural and urban sectors

B

existence of both private and public sectors

C

existence of both heavy and small industries

D

existence of both developed and underdeveloped sectors

Solution:

Mixed Economy

An economic system blending elements of market economies with elements of planned economies, free markets with state interventionism, or private enterprise with public enterprise.

A mixture of markets with state interventionism, referring to capitalist market economies with strong regulatory oversight, interventionist policies and governmental provision of public services.
Economy containing a mixture of private enterprise with public enterprise.

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