Types of Economies

Capitalistic, Socialistic and Mixed Economy

Introduction

An economic system is the combination of those devices and institutions that decide the way in which nation’s resources are allocated in order to satisfy human wants. There are three types of economies on the basis of ownership are: Capitalist economy, Socialist economy and Mix
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Types of Economies

Introduction

An economic system is the combination of various agencies, entities that decides the economic structure of a social community. The economies are classified into various categories on various bases. The World Bank in its world development report 2011 has classified various countri
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