What is Mixed Economy | Types | Capitalist and Socialist Economy

 Mixed Economy Mixed economy is an economy which combines the element  of both the capitalist and socialist economies. It attempts to combine the best features of both capitalism and socialism while excluding the Demerits of Both.   Two types of Mixed Economy      1. Government does not directly undertake Production activity. This exists in most of the developed countries such as the USA, UK, etc.     2. Where Government not only Regulates the Private Sector, But also Participates in the Production activities.     Features of Mixed Economy Co - existence of Public and Private Sectors. Features of both Capitalism and Socialism. Government regulates and controls the Private Sectors. Price mechanism Profit Motive. Capitalist Economy   In Capitalist  form of economic system the means of Production and Distribution are Privately own,  and Production is guided Largely through Operation of markets.    ...
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What are the changing concept of Business

 Changing concept of Business 

  • OLD BUSINESS : Profit Maximization is Priority.
  • MODERN BUSINESS : A Social institution forming an integral part of the social system. It has a huge influence on the way People live and work. Business can not Isolate itself from the rest of the Society.
     

 

Three Significant ideas that related to Society and Business

  •  Values : Mission of the Business as the Social institution. 
                 Example - The nation, region where the business located also impact the value of particular business.
  •  Viability : Which drives to live or grow to achieve in the best Possible Way.

  • Public Viability : How People know your Organization and the function you do, are the people are well informed about it.
      
     
     
     
     
     



Location: Shamli, Uttar Pradesh 247776, India

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