Q (2) Give an explanation :
(1) Economy begins at home.
(2) India's economy is of mixed type.
(3) On the basis of economies, we can divide countries into three groupes.
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Answer:
(1) Before you go helping the economic status of others/community, you first need to bring yourself to a good economic status.
(2) In a mixed economy public and private sector exits at the same time and a balance is maintained between profit and social welfare.
(3) The three groups are
1. Developed Countries:
2. Developing Countries:
2. Underdeveloped Countries:
Explanation:
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- 3)
- developed countries
- developing countries
- under developing countries
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