Q.4) Complete the given table:
(3)
Types of economy
Capitalistic economy
Mixed economy
socialut
econ only
Management by
government
Management with Public
and Private sector
Kaximum
Achieving social welfare
Eaming maximum
profit
Balance between profit and
social welfare
China & Russia
Germany. Jăpan. U.S.A
Answers
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Answer:
There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economies are a combination of the two. Individuals and businesses make their own economic decisions. The state's central government makes all of the
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Answer:
1. Economy comes from the the Greek word,'Oekonomia' which means family management
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