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 Indian Constitution and Business

 Indian Constitution and Business

India's Economy Draws its Sustenance from the Provisions of Indian Constitution. The Socio- Economic Objectives are clearly enshrined in the Preamble to the Constitution, Fundamental Rights and Directive Principles Of State policy.

The Following are the Salient Provisions of the Constitution Pertaining to Business and Economy.

Next we will discuss Salient Provisions
Location: Shamli, Uttar Pradesh 247776, India

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