An economy in which both the private sector and the government are involved is known as a an economy...........

General Studies (CGL) Indian Economy

An economy in which both, the private sector and the government are involved is known as a/an ______ economy.

This questions was previously asked in

SSC CGL 24th August 2021 Shift-1

amalgam

mixed

parallel

blended

- Mixed Economy (Option 2):

- This is the correct answer.

- It combines elements of both capitalism and socialism.

- The private sector and government both play roles in economic decision-making.

- Amalgam Economy (Option 1):

- Typically, not a term used in economic contexts.

- Amalgam generally means a mixture or blend but not specific to economies.

- Parallel Economy (Option 3):

- Refers to an underground or shadow economy.

- Involves unreported economic activity.

- Blended Economy (Option 4):

- Similar to a mixed economy.

- Not a widely recognized term in economic theories.

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