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    Types of Economies

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    Tara bhai Joginder
    The document discusses different types of economies: - Capitalist economies are based on private ownership and profit. Features include private ownership of resources and businesses. - Socialist economies involve public or state ownership of resources and means of production. Features include government control of industry. - Mixed economies have elements of both capitalist and socialist economies, with a role for both private and public sectors. - Economies can also be classified by their level of development as developed or underdeveloped. Developed economies have greater natural, physical and human resources while underdeveloped economies face challenges like low savings and investment. Economic growth refers to increases in production while economic development encompasses social and qualitative changes.

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    Types of Economies

    Uploaded by

    Tara bhai Joginder
    22 views29 pages
    The document discusses different types of economies: - Capitalist economies are based on private ownership and profit. Features include private ownership of resources and businesses. - Socialist economies involve public or state ownership of resources and means of production. Features include government control of industry. - Mixed economies have elements of both capitalist and socialist economies, with a role for both private and public sectors. - Economies can also be classified by their level of development as developed or underdeveloped. Developed economies have greater natural, physical and human resources while underdeveloped economies face challenges like low savings and investment. Economic growth refers to increases in production while economic development encompasses social and qualitative changes.

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    The document discusses different types of economies: - Capitalist economies are based on private ownership and profit. Features include private ownership of resources and businesses. - Socialist economies involve public or state ownership of resources and means of production. Features include government control of industry. - Mixed economies have elements of both capitalist and socialist economies, with a role for both private and public sectors. - Economies can also be classified by their level of development as developed or underdeveloped. Developed economies have greater natural, physical and human resources while underdeveloped economies face challenges like low savings and investment. Economic growth refers to increases in production while economic development encompasses social and qualitative changes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    22 views29 pages

    Types of Economies

    Uploaded by

    Tara bhai Joginder
    The document discusses different types of economies: - Capitalist economies are based on private ownership and profit. Features include private ownership of resources and businesses. - Socialist economies involve public or state ownership of resources and means of production. Features include government control of industry. - Mixed economies have elements of both capitalist and socialist economies, with a role for both private and public sectors. - Economies can also be classified by their level of development as developed or underdeveloped. Developed economies have greater natural, physical and human resources while underdeveloped economies face challenges like low savings and investment. Economic growth refers to increases in production while economic development encompasses social and qualitative changes.

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    of 29

    Types of Economies

    CLASSIFY THE ECONOMY

    Ownership of Resource
    Ownership of Resource

    ?
    Profit
    Ownership of Resource
    Capitalistic Economy Is Called -------------

    • 1)
    • 2)
    Ownership of Resource - Features of Capitalism:
    Name the features of each picture
    Ownership of Resource - Features of Capitalism:
    2)
    Ownership of Resource - Features of Capitalism:
    3)
    Ownership of Resource - Features of Capitalism:
    4)
    Ownership of Resource - Features of Capitalism:
    5)
    Ownership of Resource - Features of Socialistic Economy
    Caption for each picture 1)
    Ownership of Resource - Features of Socialistic Economy
    2):
    Ownership of Resource - Features of Socialistic Economy
    3):
    Ownership of Resource - Features of Socialistic Economy
    4)
    Ownership of Resource - Features of Socialistic Economy

    Wastage of Natural resources Government is the only provider


    Mixed Economy
    Features:
    1)
    Mixed Economy
    Features:
    2):
    Mixed Economy
    Features:
    3):
    Mixed Economy
    Features:
    4)

    Positive

    Negative
    Classification based on the level of development:
    2 Categories

    1)
    2)
    Classification based on the level of development:
    1. Features of Developed Economics –
    Classification based on the level of development:
    2)Features of Developed Economics –
    Classification based on the level of development:
    1. Features of Developed Economics – :

    Natural Resources: Human Resources:

    Physical Resources:
    Classification based on the level of development:
    Characteristics of Underdeveloped Economies:
    1)

    Low
    Classification based on the level of development:
    Characteristics of Underdeveloped Economies:
    2):
    Classification based on the level of development:
    Characteristics of Underdeveloped Economies:
    Problem of -------$----------
    Classification based on the level of development:
    Characteristics of Underdeveloped Economies:
    Low level of ---------------------
    Classification based on the level of development:

    Does not mean


    Economic Growth ?

    means
    Economic Development ?
    Classification based on the level of development:

    Economic Growth
    ?

    ?
    Classification based on the level of development:

    ?.
    Economic
    Development
    ?

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