McqMate
| Q. |
'Mixed economy' refers to - |
| A. | the co-existence of heavy, small scale and cottage industries |
| B. | the promotion of agriculture as well as cottage industries |
| C. | the co-existence of rich as well as poor |
| D. | the co-existence of public as well as private sector |
| Answer» D. the co-existence of public as well as private sector | |
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Explanation: Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies. |
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