Types of Economy sicuaret & THT @® On the basis of Income az dh sree ay [ Pex Capita Income ox, Average Income ] YAcUlam Bi uw Brad A Pex Capita Income — _Natonal Income Career Baz) = omor) tem (iene Total populoton ope sit HIT i rh CLD Lo ea a On mE 2 Gels , a e 8 y upp tiads gra” F406 — § 12Ga5 @ —~$ 1046 — ey Middle “Incor 4oas A oer wag BU " § e County — Less than Yo\ % LOB 4al Hog ‘ ; 2200 (Aappror — Lower Middle Ince me Cuety Nofes India > § 2209 (Oper) See® On the basis of rade caimig 3 3nenz oy Intemnatonal ov, Global Trod C Waaeda wu aAsdson cura a X Open Economy aah mScuaeet + €eee Intex nodonal Trade wiqer wera Aeriacedya SUiz oR Export. — Import Business allowed PRaha -aunuiat cururg of) Bard x Closed Economy az aSicuaeet . Restaicton / Barier oq ant. Trade WAaegs wu ww yasa oR 7 Neither Expovt ov Import Gt \Sula-a BUA Ys asi nuns MH ST Gah om oad a Gad Bun Veale To Sell Goods &Sexvices to i of world. ti Baz ati BH aa a Yarns wileaT TERT To punchase Goeds & Service from Rest of wold. \ “Hrade_Courdy Expovt = Tr AL i SCOR cuw ar p mead x Surplus ov favouncbole Trade Wied BW BiH cUIUR 4&1 X Defic ov Vofavounabie Trade Export < Import Ord TW hae CUMIT O21 asm Note india > Defict ade Country CUR Ha sv Export > Import*® On Ihe basis of Devel fe . r [ Standort of Living a oa cae * Developed County — igh Standaxd liv Re Sat Miah Sersiee, Inge She x Developing Couahy _ Medium standard of Livin feoniee anes ar Heun sfloa at Coa x Under Develop courty _ Low standard of Living Feu fata al on / Ait ota SAR Nole= India 5 Developing County RBomaalla % atX On the basis of 1 5 deolo: VOreatd eu ae . © Copitalism glad} ay RUT FH Bly UR & Rewade sector OQweership fish ee eeol col & Mox Profer Borda ON & Focus on Customer Saksfachon Mets Ay @ Qrwira & Price determined by Demand & Supply ATH & Lid” SRI oF} Sr Mh201 Geg. USA 7 at 1207 e Socialism eens eon oo ~ & Pullic Sector a ii Wet sat Panucd GB mox Social WeLface WAUAS en cuisT Beet A Ce | Focus on Economic Planning Buon Taina Te Oar hA & Rice determined by Govt werk SRI of\uat THEN R01 & eg USSR Bidsa BI C19Q2- 1991) + Mixed Aaa > Ree eye Pe oaneky &} Indie.