Multiple choice

Which among the following is an essential characteristic of mixed economy?

  1. co-existence of small scale and large scale industries

  2. co-existence of private and public sectors

  3. assigning equal importance to both agriculture and heavy industries

  4. co-existence of the rich and the poor
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A mixed economy is defined by the coexistence of both private and public sectors, where both market forces and government planning influence economic activity.

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