Multiple choice

Which economy inculcates the best features of controlled and uncontrolled economies?

  1. Capitalist economy

  2. Socialist economy

  3. Mixed economy

  4. Communist economy
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Mixed economy lies in between the two extremes. Socialist economy is always under direct control of state and means of production are under the state. Capitalist economy is also known as free market economy because the interference of state is minimum or nil.

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