India is a mixed economy where private and public sectors go side by side. Economic decisions are taken by government and individuals together. From this context, evaluate the following statements and choose which is not correct about Indian economic system. a. There is a blend of capitalism and socialism b. Prices are determined by government and market forces c. There is planning to control the economy d. Economic activities are guided only by profit motive

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
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Chapter2: Economic Systems And The American Economy
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India is a mixed economy where private and public sectors go side by side. Economic decisions are taken by government and individuals together. From this context, evaluate the following statements and choose which is not correct about Indian economic system. a. There is a blend of capitalism and socialism b. Prices are determined by government and market forces c. There is planning to control the economy d. Economic activities are guided only by profit motive
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