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    Economic Systems

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    Upeksha Pinto

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    Economic Systems

    Uploaded by

    Upeksha Pinto
    1 views1 page

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    1 views1 page

    Economic Systems

    Uploaded by

    Upeksha Pinto

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Economic systems

    Features Market economy Planned economy


    OWNERSHIP
    MOTIVE
    FREEDOM OF CHOICE
    COMPETITION
    ROLE OF GVT
    VARIETY & QUALITY OF GOODS &
    SERVICES
    RESPONSIVE TO DEMAND
    EFFICIENCY
    SHORTAGES / SURPLUSES
    MERIT GOODS
    DEMERIT GOODS
    PUBLIC GOODS
    INCOME DISTRIBUTION
    NEGATIVE EXTERNALITIES
    MONOPOLIES
    REAL WORLD

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