Customer Service Chat
Get quote & make Payment
What is mixed economy, economics, Microeconomics
Mixed Economy: This type of economic system combines the features of both the capitalist and socialist economic systems. The private sector is allowed to function on the principles of free market mechanism with guidelines provided by the government. The government controls and regulates the private sector through industrial, monetary and fiscal policies. The public sector represents the features of socialist framework. The government operates in areas reserved for government ownership and management.
Economic policies in India have been formulated in conjunction with the guidelines laid in the Constitution of India. In its Directive Principles of State Policy, the Preamble of the Constitution states that:
"The State shall in particular direct its policy towards securing -
(a) that the citizens men and women equally have right to an adequate livelihood,
(b) that the ownership and control of the material resources of the community are so distributed as best to sub-serve the common good,
(c) that the operation of the economic system does not result in concentration of wealth and means of production to common detriment,
(d) that there is equal pay for equal work for both men and women.
The economic principles were given a more precise direction with the adoption of socialist pattern of society by India. In a mixed economy of a socialist pattern of society, the role of the government is greater than free enterprise system and much less than a socialist society.
Posted Date: 2/10/2012 11:26:45 PM | Location : United States
Ask an Expert
What is mixed economy, economics, Assignment Help, Ask Question on What is mixed economy, economics, Get Answer, Expert's Help, What is mixed economy, economics Discussions
Write discussion on What is mixed economy, economics
Your posts are moderated
Write your message here..
Value additivity, V alue Additivity In an efficient market the valu...
V alue Additivity In an efficient market the value of any 2 assets can be estimated as the sum of the values of the two individual assets. This is a variation on the theme
All chapter, sir explain me about all things of microeconomics
sir explain me about all things of microeconomics
Strategies and policies for administrative reforms, STRATEGIES AND POLICIES...
STRATEGIES AND POLICIES FOR ADMINISTRATIVE REFORMS: As stated in a United Nation's Publication, following strategies and policies are necessary to bring about administrative i
Shape of f orbitals, show the shape of f orbitals?
show the shape of f orbitals?
Nash equilibrium, Think of the Golden Ball game. Now player 1 is money-mind...
Think of the Golden Ball game. Now player 1 is money-minded and jealous, and player 2 is very good-hearted, so the payoff matrix is follows: Playe
Price elasticities of demand, how to compute the price of a laptop increase...
how to compute the price of a laptop increase of 20% and there is a 40% drop in the aquantity demanded
Demographic profile, DEMOGRAPHIC PROFILE: A demographic profile of Ind...
DEMOGRAPHIC PROFILE: A demographic profile of India can be prepared out of the data collected by the office of the Registrar General of India who is the responsible authority
#title.demand curve, Plot the demand schedule and draw the demand curve for...
Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above.
Theory of consumers behaviour, derive PCC for complementary goods
derive PCC for complementary goods
Factors affecting flexible exchange rate, FACTORS AFFECTING FLEXIBLE EXCHAN...
FACTORS AFFECTING FLEXIBLE EXCHANGE RATE: Shifts in the demand and supply schedules for foreign currency take place on accountof a number of factors. Some of them are enumerat
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
IT Courses and Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Follow Us |
T & C
Copyright by ExpertsMind IT Educational Pvt. Ltd.