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 is foreign Exchange

 Foreign Exchange 

 Foreign Exchange Provides a means of settling accounts in Different Currencies. The Dynamics of International Finance can have a significant impact on the nations economy as well as the fortunes of individual companies.

                                           OR 

Foreign Exchange is the conversion of one country's currency

into another Country's Currency.


KEY POINTS 

  • Foreign exchange, also known as forex, is the conversion of one country's currency into another.
     

  • The value of any particular currency is determined by market forces related to trade, investment, tourism, and geopolitical risk.
     

  • Foreign exchange is handled globally between banks and all transactions fall under the auspice of the Bank for International Settlements (BIS).

     

     

     


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