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.    ...
Post a Comment

What is Digital Transformation ?

 Digital Transformation

Digital Technologies enables business to fundamentally change or optimize their Process & operations, leading to a more efficient way of delivering value to customers.

Basically integrating various digital technologies such as  AI, CLOUD, IoT, RPA, Mobile, Mixes Reality,
etc. into all the key areas of an operating business helps to transform the way of working & the business continuity in turbulent times.

Businesses become more agile to fail fast forward by adopting these technologies to transform culture by challenging the status.

The word Digital is used in various context & is understand differently by different leaders & businesses. It is the key to evaluate the why we need to tranform & what is the target ? customer centricity, customer experience, reducing cost, improving margins, enhancing productivity, or awhole new business model.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Comments

Post a Comment

Popular posts from this blog

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.    ...
Read more

What is economic environment

 Economic Environment A company must work within the economic framework of the country. The economic framework is the level of income in the country, the external conditions that affect the economy, and the economic Policies that affect the economy . The economic environment affects the way business operates. Two Types Of Economics Environment Macroeconomic environment Microeconomic environment Macro factors include: Employment/unemployment Income Inflation Interest rates Tax rates Currency exchange rate Saving rates Consumer confidence levels Recessions Micro factors include: The size of the available market Demand for the company’s products or services Competition Availability and quality of suppliers The reliability of the company’s distribution chain (i.e., how it gets products to customers) While companies often can’t control their economic environment, they can evaluate economic conditions before choosing to enter a particular market or industry or pursue other strategies...
Read more

What is Aggregate Demand

 Aggregate Demand AD( Aggregate Demand ) is the total Demand for Final goods and services in the economy at a given time and Price level.  This is the demand for Gross Domestic Product of a company. AD = C+I+G+( X-M ) Where,           C = Consumer Expenditure on Goods and Services           I =  Capital Investment           G = Government Spending           X = Exports of the Goods and Services           M = Imports of the Goods and Services           X - M = Net Export 
Read more