Question

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Answer 1

Explain the types of economics by filling correct information in the place of questions in the circle.

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Answer: (inner circle to outer circle-1,2,3,4)

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A)

1).Capital economy

2).China, Vietnam.

3).( management in private hands)

4).Production is based on demand and supply.

B)

1).Socialist economy

2).Cuba, North Korea

3).production is for direct use and not for profit.

4).(achieving social welfare)

C)

1).Mixed economy.

2).( India, Sweden and united kingdom)

3).combines private and state enterprise.

4).protect private property and allows a level of economic freedom in the use of capital, but also allows economic activities in order to active social aims.

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Answer 2

Answer:

See the attachment...