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Chapter 5- Meaning and Components of Government Budget
Mixed Economy: where both D&S and Govt decide prices. Is my understanding hold true, Madam? in case of India: prices in Stock market/RealEstate etc are purely driven by Demand & Supply while prices Foodgrains etc are decided by Government (through MSP) and hence both forces are acting as Price deciders. So we can call India as a Mixed Economy. Is my understanding hold TRUE towards Mixed Economy concept, Madam?