Economy, asked by nnarasimhans198459, 5 months ago

what is the basis for classification of economic system ?​

Answers

Answered by togoyoyo6
3

The economic systems are broadly classified into three categories: (1) Capitalist, (2) Socialist, and (3) Mixed. A better classification, however, may be made using the criteria of property ownership type and mode of resource allocation and governmental control.

Answered by bobyboss99
1

Answer:

The economic systems are broadly classified into three categories: (1) Capitalist, (2) Socialist, and (3) Mixed. A better classification, however, may be made using the criteria of property ownership type and mode of resource allocation and governmental control.

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