Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

Who answers the questions of "What", "How" and "For whom" to produce in case of a mixed economy?

Options:

Private sector

Government

Political parties

Both 1 and 2

Correct Answer:

Both 1 and 2

Explanation:

Mixed economy is a blend of private and government sectors. Thus, the 3 central problems of the economy are answered by both the entities.