2th difference between market economy centrally planned economy and mixed economy
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* centrally planned economy
(i) controlled by the government or some central authority.
(ii) motive of social welfare.
* market economy
(i) controlled by the market force.
(ii) motive of profit maximise.
* mixed economy
(i) governed by the free play of market force but are regulated by the government.
(ii) motive of both profit maximization and social walefare
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