An economy in which both the government and the market answer the three basic questions is a:
ABarter economy
BMixed economy
CMarket economy
DCommand economy
Answer & Solution
Correct answer: B. Mixed economy
1. The market supplies what it produces well.
2. Most economies are mixed economies.
3. The government provides essential goods.
_Source: NCERT Class 11 Indian Economic Development, Chapter 2, Indian Economy 1950-1990._
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