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‘Mixed economy’ refers to
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- the co-existence of heavy, small scale and cottage industries
- the promotion of agriculture as well as cottage industries
- the co-existence of rich as well as poor
- the co-existence of public as well as private sector
- the co-existence of heavy, small scale and cottage industries
Correct Option: D
Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies.
