Question 1:-Under Which All The Economic Activities of The Any Country Included?

 Question 1:-
 under which all the economic

activities of the any country
included?
 Question 1:-
 under which all the economic activities
of the any country included?
 Answer 1:-
 All economic activities of a country
are incorporated under the
economy.
 Question 1:-
 under which all the economic activities
of the any country included?
 Answer 1:-
 All economic activities of a country are
incorporated under the economy.
 Question 2:-
 What kind of economy are there?
 Question 1:-
 under which all the economic activities of the any
country included?
 Answer 1:-
 All economic activities of a country are incorporated
under the economy.
 Question 2:-
 Answer 2:-
 Economy capitalistic , socialistic ,and mixed
economy types are there.
 Question 1:-
 under which all the economic activities of the any country
included?
 Answer 1:-
 All economic activities of a country are incorporated under
the economy.
 Question 2:-
 Answer 2:-
 Economy capitalistic , socialistic ,and mixed economy types
are there.
 QUESTION 3:-
 Which economy is found in India ?
Question :- who owns
education ,medicine and
industry?
 Question:- in the field of economy,
both the private and public area are
owned ,what are the called?
Definitions
 “Mixed economy is that economy in which both
government and private individuals exercise economic
control.” -Murad
 “Mixed economy is that economy in which both public
and private sectors cooperate.” -Prof. Samuelson
MEANINF OF MIXED ECONOMY
 It is a golden mixture of capitalism and socialism.
Under this system there is freedom of economic
activities and government interferences for the social
welfare. Hence it is a blend of both the economies.
 The developing countries like India have adopted
mixed economy to accelerate the pace of economic
development. Even the developed countries like UK,
USA, etc. have also adopted ‘Mixed Capitalist System’.
Question :- what does the mixed
economy mean?
Features of mixed economy
1) Co-existence of Private and Public Sector.
 Under this system there is co-existence of
public and private sectors. In public sector,
industries like defence, power, energy,
basic industries etc., are set up. On the
other hand, in private sector all the
consumer goods industries, agriculture,
small-scale industries are developed. The
government encourages both the sectors to
develop simultaneously.
2) Personal Freedom
Under mixed economy, there is full freedom of
choice of occupation, although consumer does
not get complete liberty but at the same time
government can regulate prices in public
interest through public distribution system.
3) Private Property is allowed:
In mixed economy, private property is
allowed. However, here it must be
remembered that there must be equal
distribution of wealth and income. It must be
ensured that the profit and property may not
concentrate in a few pockets.
4) Economic Planning:
 In a mixed economy, government always
tries to promote economic development of
the country. For this purpose, economic
planning is adopted. Thus, economic
planning is very essential under this system.
5) Profit Motive and Social Welfare:
 In mixed economy system, there are both
profit motive like capitalism and social
welfare as in socialist economy.
6) Control of Monopoly Power:
 Under this system, government takes huge
initiatives to control monopoly practices
among the private entrepreneurs through
effective legislative measures. Besides,
government can also fake over these services
in the public interest.
Question:- explain the two feature
s of mixed economy ?
ADVANTAGE OF MIXED ECONOMY
Equal Distribution of Control.
 More Efficiency for Private Firms.
Freedom for Private Enterprise to Thrive On Their
Own.
 A Defined Role for the Government as Referee
Safe Haven from Poverty.
 Greater Chance for the Government to Implement
Good Policies.
 More Job Investments Coming In.
Question:- how control id divided
in mixed economy ?
RECAPTULASATION
1. In mixed economy is co-existance of _______and
__________ sectors.
2. In mixed economy _______planning is done .
3. In mixed economy government role is defined
as________.
HOME ASSIGNMENT
Write down the five advantages of
mixed economy.

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