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Mixed Economy means :
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- Promoting both agriculture and industries in the economy
- Co-existence of public and private sectors
- Co-existence of rich and poor
- Co-existence of small and large industries
- Promoting both agriculture and industries in the economy
Correct Option: B
A mixed economy is variously defined as an economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or free markets and economic interventionism. All modern economies are mixed where the means of production are shared between the private and public sectors.
