Home »
MCQs »
Commerce MCQs »
Business Environment MCQs
Does a mixed economy mean an economy where there is?
11. Does a mixed economy mean an economy where there is?
- Existence of capitalism
- Privatization, liberalization and globalization
- Existence of both public and private sectors
- Growing crops along with rearing animals
Answer: C) Existence of both public and private sectors
Explanation:
A mixed economy is one in which both public and private companies are together, with a certain degree of freedom of expression. However, government intervention is expected to achieve public goals. However, the coexistence of capitalism and socialism.