Answer / kailas

the economy in which the combination of both capitalist(private sector) and socialist(Public sector) economy is present called mixed economy.

e.g. India has mixed economy i.e. capitalist as well as socialist.

Answer / dev

India is a mixed economy . Mixed economy means every
company is not owned entirely by government or
industrialists. It means There would be some companies in
which are owned and totally managed by industrialists. The
government doesn't interfere.
Whereas there are companies
which are totally run by the goverment of India. Take the
example of Air India which is one of the companies the
goverment runs.

Answer / jitendra shah

Where the means of production owned by
both private and goverment sector that is called mixed economy

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