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Mixed Economy

October 23, 2021November 12, 2021 Mudassir 1 Comment definition, Economy, Examples, Explanation, mixed, system

Mixed economy is a type of economic system which shares the elements / properties of both market economy and command economy.

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Market Economy

October 22, 2021November 12, 2021 Mudassir 2 Comments definition, Economy, Examples, Explanation, market

A market which is totally controlled by invisible hand of market forces i.e. supply and demand, in order to answer basic questions like what to produce, how to produce and for whom to produce, is called market economy.