The correct answer is: A. Public, private and cooperative sectors.
A mixed economy is an economic system that combines elements of both capitalism and socialism. In a mixed economy, some of the means of production are privately owned and operated, while others are owned and operated by the state. The government may also play a role in regulating the economy and providing social welfare programs.
The three sectors of a mixed economy are the public sector, the private sector, and the cooperative sector. The public sector is made up of government-owned and operated businesses and organizations. The private sector is made up of privately owned and operated businesses and organizations. The cooperative sector is made up of businesses and organizations that are owned and operated by their members.
Each of these sectors plays an important role in a mixed economy. The public sector provides essential services such as education, healthcare, and infrastructure. The private sector is responsible for creating jobs and generating economic growth. The cooperative sector provides a way for people to work together to achieve common goals.
A mixed economy is often seen as the best way to balance the need for economic growth with the need for social justice. It allows for the efficient allocation of resources, while also providing a safety net for those who are unable to support themselves.
Here is a brief explanation of each option:
- Option A: Public, private and cooperative sectors. This is the correct answer. A mixed economy is an economic system that combines elements of both capitalism and socialism. In a mixed economy, some of the means of production are privately owned and operated, while others are owned and operated by the state. The government may also play a role in regulating the economy and providing social welfare programs.
- Option B: Public and cooperative sectors. This option is incorrect because it does not include the private sector. The private sector is an important part of a mixed economy because it is responsible for creating jobs and generating economic growth.
- Option C: Private and Joint sectors. This option is incorrect because it does not include the public sector. The public sector is an important part of a mixed economy because it provides essential services such as education, healthcare, and infrastructure.
- Option D: Agricultural and industrial sectors. This option is incorrect because it does not include the cooperative sector. The cooperative sector is an important part of a mixed economy because it provides a way for people to work together to achieve common goals.