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economics

QuestionAnswer
1. The term mixed economy denoted existence of both private and public sector
2. In an economy, the sectors are classified into public and private on the basis of ownership of enterprises
3. Which sector of Indian economy has shown remarkable expansion during the last decade? Tertiary sector
4. When development in economy takes place, the share of tertiary sector in national income keeps on increasing
5. It will be true to classify India as a labour-surplus economy
6. The Indian economy is characterised by pre-dominance of agriculture,low per capita income, massive unemployment
7. In India, planned economy is based on Socialist system
Created by: dhanalakshmi
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