The basic objective of planning in a mixed economy is to accelerate the rate of capital formation in order to promote faster economic growth which will ultimately lead to poverty alleviation; if necessary redistributive measures are adopted. In the early 1950s it was felt that a rapid expansion of the economic and social responsibilities of the State will alone be [...]
In this article we will discuss about the definition and features of mixed economy found in India. Definition of Mixed Economy: The term 'mixed economy' is used to describe an economic system, such as that found in India, which seeks to compromise between capitalism and socialism. In such a form of economy, the elements of government control are combined with [...]
Let us make an in-depth study of Mixed Economy:- 1. Definition of Mixed Economy 2. Types of Mixed Economies 3. Features of Mixed Economy 4. Problems of Mixed Economy 5. Measures for the Efficient Working of a Mixed Economy. Definition of Mixed Economy: Meaning and Definition: 1. Mixed Economy is a two Wheel economy in which Private Sector and Public [...]