An economy where the government and the market together decide what, h…

Question

An economy where the government and the market together decide what, how and for whom to produce is:

Accepted Answer

B. Mixed economy

1. Capitalism leaves it to the market.
2. Socialism leaves it to the state.
3. Sharing the job makes a mixed economy.
_Source: syllabus Economics, Indian Economic Development, Chapter 2, Indian Economy 1950 to 1990._

Answer

Barter economy

Answer

Capitalist economy

Answer

Socialist economy

An economy where the government and the market together decide what, how and for whom to produce is:

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