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The economy in which there is mixture of...

The economy in which there is mixture of public sector and private sector both, is called ____

A

Closed economy

B

Mixed economy

C

Open economy

D

Free trade economy

Text Solution

Verified by Experts

The correct Answer is:
B

Mixed economy is an economic system in which both the public and private sector direct the economy, reflecting characteristics of both market economies and planned economies.
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