Economic Systems and their Types
Economic Systems and their Types: Overview
This topic covers concepts, such as, Economic System, Capitalist Economy, Economic System in India and Socialist Economy etc.
Important Questions on Economic Systems and their Types
Under Mixed Economy, the central problems are solved by the government.
Define Mixed Economy.
Socialist economy was adopted by India as an economic system after independence.
Why did India opt for mixed economy?
The economy in which Central Authority plans all the important activities can be termed as:
Capitalist Economy is controlled and operated by:
After the independence, _____ (mixed/socialist)economy was adopted by the Indian economy.
A_____ (Capitalist/Socialist)economy is the one in which the means of production are controlled, owned and operated by the private sector.
Which of the following are correct in context of the Indian Economic System?
How can public sector undertakings be justified despite incurring financial losses?
