Question Details

Detailed explanation and options for the selected question.

Which term refers to an economy that has elements of both capitalism and socialism?

A. Command economy
B. Mixed economy
C. Free-market economy
D. Traditional economy

Explanation:

A mixed economy incorporates features of both capitalism and socialism. The other options describe different economic systems.

Related Topics

Regional Rural Banks (RRBs) Reforms

Revision Notes

Tourism and Hospitality Industry

Revision Notes

Digital Economy and E-Governance

Revision Notes

Environmental Economics and Sustainable Development

Revision Notes

Rural Electrification and Saubhagya Scheme

Revision Notes

Foreign Exchange Reserves and Management

Revision Notes

Agriculture in India

Revision Notes

Urban Cooperative Banks and Microfinance

Revision Notes

Rural Industrialization and Cluster Development

Revision Notes

Women’s Self-Help Groups (SHGs)

Revision Notes