WBCS.LIVE practice question

The concept of mixed economy means:

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. To have balanced development in the agricultural and industrial sector
  2. Simultaneous development of the rural and urban sector
  3. To have equal distribution of wealth among the rural and the urban poor
  4. Simultaneous existence of the private and public sector

Correct answer and explanation

Correct answer: Simultaneous existence of the private and public sector