Economy, asked by sk7481677081, 3 months ago

Differentiate the socialist economiy if India from that of USSR ? 100 words​

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Answered by ap9765672
2

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Socialist economics has been associated with different schools of economic thought. Marxian economics provided a foundation for socialism based on analysis of capitalism[14] while neoclassical economics and evolutionary economics provided comprehensive models of socialism.[15] During the 20th century, proposals and models for both socialist planned and market economies were based heavily on neoclassical economics or a synthesis of neoclassical economics with Marxian or institutional economics

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