Practicing Success
Practicing Success
CUET Preparation Today
| Industrialization leads to greater equality, at least in some spheres. For example, caste distinctions do not matter anymore on trains, buses, or in cyber cafes. On the other hand, older forms of discrimination may persist even in a new factory or workplace setting. And even as social inequalities are reducing, economic or income inequality is growing in the world. Often social inequality and income inequality overlap, for example, in the domination of upper-caste men in well-paying professions like medicine, law, or journalism. Women often get paid less than men for similar work. |
| In India, some economic sectors were reserved for the government, while others were open to the private sector. What do we call this? |
Mixed economy. Socialist economy. Capitalist economy. Capital-Socialist Economy |
| Mixed economy. |
| The existence of both the private and public sectors in an economy is called a Mixed economy. |
