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What are the types of economy …

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What are the types of economy and explanation ?

Posted by Sristy Rawat 7 years, 8 months ago

CBSE > Class 12 > Economics

3 answers

Nayra Gupta 7 years, 8 months ago

At the micro level ...there is 3 types that r described by jasmine kaur. At the macro level there is mainly 2 types ...closed and open economy .closed have 2 types that are two sector closed economy and three sector closed economy. 1.(a) consumption and investment 1.(b)consumption ,investment and government sector 2.consumption ,investment, government and rest of the world(X-M).

Jaskaran Saroya 7 years, 8 months ago

1. Free market economy :- controlled by market forces 2. Centralised economy:- controlled by central authority / govt . 3. Mixed economy :- controlled by both govt. And market forces

Shweta Singh 7 years, 8 months ago

Economy is of two type : Micro and macro Micro is study of economic problem at individual level.ex- individual consumer,or product or producer. Macro is study of economic problem at country as whole.ex-india's GDP, etc

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