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Ask QuestionPosted by @S(Raj)Àĺì ???? 5 years, 6 months ago
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Posted by Anjali Kushwaha 5 years, 6 months ago
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Posted by ꧁༺★ṖŕīᑎƇɛ {Ƭĥɛ Ŀ❤Ѵɛ Ɠʊŕʊ}★༺꧂ ?? 5 years, 6 months ago
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Posted by ꧁༺★ṖŕīᑎƇɛ {Ƭĥɛ Ŀ❤Ѵɛ Ɠʊŕʊ}★༺꧂ ?? 5 years, 6 months ago
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꧁༺★ṖŕīᑎƇɛ {Ƭĥɛ Ŀ❤Ѵɛ Ɠʊŕʊ}★༺꧂ ?? 5 years, 6 months ago
Posted by Sowndaryaa Lakshmi V 5 years, 6 months ago
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@S(Raj)Àĺì ???? 5 years, 6 months ago
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Posted by ?Ritesh Gupta☺️ 5 years, 6 months ago
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Sowndaryaa Lakshmi V 5 years, 6 months ago
Sowndaryaa Lakshmi V 5 years, 6 months ago
Posted by Bhaskar Kumar Jha 5 years, 6 months ago
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Posted by Rounak Anand 5 years, 6 months ago
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Tanya Tiwari 5 years, 6 months ago
Sowndaryaa Lakshmi V 5 years, 6 months ago
Posted by Niskit Dolma 5 years, 6 months ago
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Yogita Ingle 5 years, 6 months ago
Basic problems in Capitalist economies are solved through price mechanism, in Socialist economy through planning and in mixed economy through price mechanism and economic planning.
Every economic activity in Capitalist economy is influenced by profit motive. The producer wants to earn more profit through its investment. He is encouraged to produce only those commodities which will fetch him handsome profit. The worker on the other hand selects those jobs where maximum wages are paid. The consumer also prefers to buy those commodities which provide him maximum satisfaction. The price of the commodity is determined by the interaction of the forces of demand and supply i.e., between consumers and producers in the commodity market. In the same way, price of the factors of production is determined in the factor market.
Socialist economy is managed and controlled by the government. Social welfare is the object of the government. The government adopts planned development economy. Planning commission is instructed to formulate policies and decide guidelines for the balanced economic growth. Priority is given to the production of those goods and services which satisfies needs of common man. Every commodity is sold at one price throughout the country by government agencies.
In a mixed economy, public sector and private sector both co-exist. For the solution of central economic problems, different mechanisms are used in these two private and public sectors.
In the public sector, planning system is used by the state or planning authority to solve various central problems of the economy
In a private sector also forms a major part of the economy. In this sector, decisions regarding various central problems why, how and for whom to produce are taken by the price mechanism based on profit motive and market forces of demand and supply.
Posted by Sunali Devi 5 years, 6 months ago
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Posted by Vijayaraj Appu 5 years, 6 months ago
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Yogita Ingle 5 years, 6 months ago
Equilibrium means a state of maximum satisfaction.
Consumer’s equilibrium is a situation when he spends his given income on the purchase of one or more commodities in such a way that he gets maximum satisfaction and has no urge to change this level of consumption, given the prices of commodities.
Posted by Vikas Saini 5 years, 6 months ago
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Posted by Carry Minati 5 years, 6 months ago
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꧁༺★ṖŕīᑎƇɛ {Ƭĥɛ Ŀ❤Ѵɛ Ɠʊŕʊ}★༺꧂ ?? 5 years, 6 months ago
Posted by ꧁༺★ṖŕīᑎƇɛ {Ƭĥɛ Ŀ❤Ѵɛ Ɠʊŕʊ}★༺꧂ ?? 5 years, 6 months ago
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</a>Posted by Dhruv .. 5 years, 6 months ago
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꧁༺★ṖŕīᑎƇɛ {Ƭĥɛ Ŀ❤Ѵɛ Ɠʊŕʊ}★༺꧂ ?? 5 years, 6 months ago
Posted by Sneha Bansal 5 years, 6 months ago
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Posted by ꧁༺★ṖŕīᑎƇɛ {Ƭĥɛ Ŀ❤Ѵɛ Ɠʊŕʊ}★༺꧂ ?? 5 years, 6 months ago
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Posted by Carry Minati 5 years, 6 months ago
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Posted by Simran Moor 5 years, 6 months ago
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Posted by Carry Minati 5 years, 6 months ago
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?????(Pm of india)Posted by Dhruv .. 5 years, 6 months ago
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</a>Posted by Nidhi Kumari 5 years, 6 months ago
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</a>kya aaplog bhi chaahte hain punjaabi gaanon me kuch badlaaw aana chahiye
______pm of india??Posted by Dhruv .. 5 years, 6 months ago
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Dhruv .. 5 years, 6 months ago
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Carry Minati 5 years, 6 months ago
0Thank You