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“Mixed Economy” refers to:

“Mixed Economy” refers to:

  • (A) The co-existence of public sector as well as private sector
  • (B) The promotion of agriculture as well as the cottage industries
  • (C) The co-existence of different economies classes
  • (D) The co-existence of heavy industry, small scale industry and cottage industry
  • The correct answer is: (A) The co-existence of public sector as well as private sector
  • FURTHER: A mixed economy combines features of both capitalism (private ownership and enterprise) and socialism (government or public sector control). Therefore, both public and private sectors operate side by side.
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Related MCQs:

 ‘NATO’ is an abbreviation of:

March 18, 2026 No Comments
  • (A) North Atlantic Treaty Organization
  • (B) Non-Aligned Treaty Organization
  • (C) Non-Aligned Trading Organization
  • (D) North American Transport Organization

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