Mixed economy means an economy where there is:a)Existence of capitalismb)Privatization, liberalization and globalizationc)Existence of both public and private sectorsd)Growing crops along with rearing animalsCorrect answer is option 'C'. Can you explain this answer?

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Mixed economy means an economy where there is:

a)
Existence of capitalism
b)
Privatization, liberalization and globalization
c)
Existence of both public and private sectors
d)
Growing crops along with rearing animals

Correct answer is option 'C'. Can you explain this answer?

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Mixed economy means an economy where there is:a)Existence of capitali...

Indian economy is the blend of state control economy (socialism) and market control economy(capitalism). And this type of feature is executed by a mixed economy.

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It is often forgotten that globalization, is not only about policies on international economic relationships and transactions, but has equally to do with domestic policies of a nation. Policy changes necessitated by meeting the internationally set conditions (by WTO etc.) of free trade and investment flows obviously affect domestic producers and investors. But the basic philosophy underlying globalization emphasizes absolute freedom to markets to determine prices and production and distribution patterns, and view government interventions as processes that create distortions and bring in inefficiency. Thus, public enterprises have to be privatized through disinvestments and sales; sectors and activities hitherto reserved for the public sector have to be opened to the private sector. This logic extends to the social services like education and health. Any restrictions on the adjustments in workforce by way of retrenchment of workers should also be removed and exit should be made easier by removing any restrictions on closures. Employment and wages should be governed by free play of market forces, as any measure to regulate them can discourage investment and also create inefficiency in production.Above all, in line with the overall philosophy of reduction in the role of the state, fiscal reforms should be undertaken to have generally low levels of taxation and government expenditure should be kept to the minimum to abide by the principle of fiscal prudence. All these are policy actions on the domestic front and are not directly related to the core items of the globalization agenda, namely free international flow of goods and finance.Q.According to the passage, which of the following is/are necessary for ensuring globalization?1. Privatization of public enterprises2. Expansionary policy of public expenditure3. Free play of market forces to determine wages and employment4. Privatization of social services like education and health.

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Consider the following statements regarding the privatization of the public sectors:1. Privatization of the public sector enterprises (PSEs) by selling off part of the equity of them is known as disinvestment.2. The purpose of the privatization is mainly to improve ﬁnancial discipline and facilitate modernization.Which of the above statements is/are correct?

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Mixed economy means an economy where there is:a)Existence of capitalismb)Privatization, liberalization and globalizationc)Existence of both public and private sectorsd)Growing crops along with rearing animalsCorrect answer is option 'C'. Can you explain this answer?

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Mixed economy means an economy where there is:a)Existence of capitalismb)Privatization, liberalization and globalizationc)Existence of both public and private sectorsd)Growing crops along with rearing animalsCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Mixed economy means an economy where there is:a)Existence of capitalismb)Privatization, liberalization and globalizationc)Existence of both public and private sectorsd)Growing crops along with rearing animalsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mixed economy means an economy where there is:a)Existence of capitalismb)Privatization, liberalization and globalizationc)Existence of both public and private sectorsd)Growing crops along with rearing animalsCorrect answer is option 'C'. Can you explain this answer?.

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