Question : When means of production are owned, controlled and operated by government sector.
 

Question : When means of production are owned, controlled and operated by both public and private sector.
 

Question : The economic system in which all the means of production are owned and controlled by private individuals for profit.

Question : It is defined as making major economic decisions by the conscious decision of a determinate authority, on the basis of a comprehensive survey of the economy as a whole.
 

Question : The 1991 economic policy led to a shift from a __________ economy to a market-oriented economy.