Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Introduction

Question:

_____ is an economy in which there is both the private sector and the government.

Options:

Capitalist economy.

Mixed economy.

Private economy.

Government economy.

Correct Answer:

Mixed economy.

Explanation:

The correct answer is Option (2) → Mixed economy.

A mixed economy is one in which both the private sector and the government play important roles in the production and distribution of goods and services.