Which of the following is an example of Mixed Economy?
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Which of the following is an example of Mixed Economy?
✓ Correct answer: c) Public and Private Sector
ExplanationThe coexistence of both public and private sectors within an economy is a characteristic of a mixed economy.So, "Public & Private Sector" would indeed be an example of a mixed economy.A mixed economy features a combination of both public (government) and private sector enterprises, allowing for both state intervention and free- market principles, aiming to balance economic efficiency with social welfare.Hence, the correct answer is option (C).
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