Question

There is mixed economy in Brazil and India.

Answer 1

• In a mixed economy there is a co-existence of public sector and private sector.
• In Brazil, sectors like health, banking, telecommunications, railways and airways are owned and managed by both public and private sectors.
• In India railways is largely a public sector whereas all the other sectors are owned and managed by both private and public sectors.
• So it is said that there is a mixed economy in Brazil and India.