Mixed economy means an economy where
A
Both agriculture and industry are equally promoted by the state
B
There is co-existence of public sector along with private sector
C
There is importance of small scale industries along with heavy industries
D
Economy is controlled by military as well as civilian rulers
Correct Answer: There is co-existence of public sector along with private sector
Mixed economy means an economy where there is co-existence of public sector along with private sector. All modern economies are mixed where the means of production are shared between the private and public sectors. Also called dual economy.