Why did india opt for mixed …
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Sia ? 6 years ago
Mixed economy is an economic system in which economic decisions are taken by the Central Government authority, as well as, are left to free play of the market. It is the basic framework of planning in India. In this economy, the market will provide whatever goods and services it can produce economically and the government will provide essential goods and services which the market fails to provide.
The following features of the Indian economy prove that a mixed economy is a basic framework of planning in India:
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