Question
Which term best describes the economy of India?(1 point)
Responses
capitalist, free-market
capitalist, free-market
communist, free-market
communist, free-market
Communist, command-market
Communist, command-market
capitalist, command-market
Responses
capitalist, free-market
capitalist, free-market
communist, free-market
communist, free-market
Communist, command-market
Communist, command-market
capitalist, command-market
Answers
GPT-5 mini
capitalist, free-market
India has a predominantly market-based (capitalist) economy with private ownership and market allocation, though it is mixed with significant government regulation and public sector presence.
India has a predominantly market-based (capitalist) economy with private ownership and market allocation, though it is mixed with significant government regulation and public sector presence.