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Discussion

Mixed Economy means

  • A.Co-existence of small and large industries
  • B.Promoting both agriculture and industries in the economy
  • C.Co-existence of public and private sectors
  • D.Co-existence of rich and poor

Answer: C

A mixed economy means the coexistence of the public and private sectors.

Some means of production are owned by the state and some by private individuals, and the allocation of resources is settled partly by planning and partly by the market. India's Industrial Policy Resolution of 1956 divided industries between the two sectors on this basis.

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