Question

Comparison among three economic systems

Answer 1

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Answer 2

$\huge\bold\red{ANSWERE}$

$\small\bold\green{ECONOMIC \:SYSTEM}$

There are three economic systems —

1 capitalistic economy:-
✔Capitalist economy is that when all control over the economy is under the private individuals and there is no govenment interference that much all contol under private sectors.

2 socialistic economy:-
✔Socialistic economy means when there is full control is under the govenment and all activities of economy is managed by government.

3 mixed economy:-
✔Mixed economy means that economy system when there is both capitalistic and socialistic economics features are present in it . This has good features of both economics system India also follow mixed economy system.

$\huge\bold\pink{THANKS}$