Who among the following was conscious of the limitations of both capitalism and communism and wanted to…
Jawaharlal Nehru sought to avoid the defects of capitalism and communism through a mixed economy. His approach combined economic planning and a substantial public sector…
Choose your answer
Who among the following was conscious of the limitations of both capitalism and communism and wanted to avoid their demerits in the model of development he envisaged?
Answer and explanation
Correct answer A
Jawaharlal Nehru sought to avoid the defects of capitalism and communism through a mixed economy. His approach combined economic planning and a substantial public sector with space for private enterprise and parliamentary democracy.
Practice for these exams
-
Telangana SET (TG SET)