Question

How are economic decisions taken in different economic systems?

Answer 1

there are three types of economies :

capitalist economy

socialist economy and

mixed economy.

india adopted mixed economy after independence. in this type of economy there are both private and public industries.

the economic policies were framed accordingly. all the recourses our country possessed were noted along with their development and use.the condition of people and per capital​ income were also take into consideration and policies were framed accordingly.

hope it helps!!