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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Salient Points of the Indian Constitution

 Salient Points of the Indian Constitution

  • The economic Powers of the union Government and the state Government are clearly laid Down.
  • The People of India are assured social, economic and Political issue, Liberty, Equality, of Status and Opportunity and fraternity.
  • By the amendment of 1976, India Become a Socialist state and adopted socialist Patter of economy.
  • There is a scope for state intervention in the Functioning of economy.

  Fundamental Rights

  • Right to Equality
  • Right to Freedom
  • Right against Exploitation
  • Cultural and educational Rights
  • Right to Constitutional Remedies
   Note - The Right to Property is no Longer a Fundamental right; it has been retained as a constitutional Rights.






Location: Shamli, Uttar Pradesh 247776, India

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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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