Economy, asked by aishvaryababuraj, 12 hours ago

what are the two categories of economy on the basis of level of development?

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Answered by hiansidas

Answer:

(i) On the basis of ownership of resources we can classify an economy as Rich economy and Poor economy. (ii) Socialist economy aims at maximization of social welfare.

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Answered by anushkakashyap2169

Explanation:

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what are the two categories of economy on the basis of level of development?​

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what are the two categories of economy on the basis of level of development?