Saved Bookmarks
| 1. |
Which economic system has been followed by INDIA? |
| Answer» Mixed\xa0economic system has been followed by INDIA.Indian economy is called a mixed economy\xa0because it is neither completely socialist nor capitalist . In India private & public sector both operate in the market.\xa0In a mixed economy, private and public sectors go side by side. The government directs economic activity in some socially important areas of the economy, the rest being left to the price mechanism to operate. | |