Indian economy is an example of a mixed economy be cause

Options

A. urban sector coexists with vast rural sector
B. traditional subsistence economy coexists with modern economy
C. private sector coexists with public sector enterprises
D. monopoly elements coexist with competitive elements

Answer

C

Explanation

Mixed economy is a combination of market economy as well as government planning. It has both private sector and public sector. Some businesses are owned by private Individuals while some businesses are owned by the government. India is an example of a mixed economy.