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 Inflation | Causes | Types of Inflation

 Inflation

Rapid increase in General Price level.
  • Its Cause decline in Purchasing Power & Value of Money.

 Causes of Inflation

  • Increase in Public Expenditure 
  • Increase in Private Expenditure
  • Increase in exports 
  • Reduction in Taxation
  • Repayment of Public Debt
  • Rapid Growth of Population

Types of Inflation

  1. On the Basis of  rate of Rise in Price
  • Greepin Inflation - When Price Rises less than 3% Per Year.
  • Walking Inflation - When Price Rises from 3 to 4 % Per Year.
  • Running Inflation - When Price Rises by more than 5 to 9 % in a year.
  • Galoping Inflation - When Price arises by more than 10 or more % in a year.
  • Hyper Inflation -  When Price rises by 100% in a year.
Location: Shamli, Uttar Pradesh 247776, India

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