Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Introduction

Question:

Which of the following is related to "Mixed economy"?

Options:

Modern and ancient industries

Public and private sectors

International and domestic investments

Subsistence and commercial farming

Correct Answer:

Public and private sectors

Explanation:

The Correct Answer is option 2 : Public and private sectors

Here's why:

    • A mixed economy is an economic system that combines features of both market economies (private ownership) and planned economies (government intervention).
    • Public and private sectors represent the two main spheres of economic activity in a mixed economy.