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PRESENTATION ON ECONOMIC SYSTEM. NEED OF SURVIVAL. Goods and services Primitive Times BARTER SYSTEM (Goods for Goods). Determination of value of Goods and Services. CAPITALISTIC Economic System. SOCIALISTIC Economic System. MIXED Economic System.
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PRESENTATION ON ECONOMIC SYSTEM
NEED OF SURVIVAL Goods and services Primitive Times BARTER SYSTEM (Goods for Goods)
Conclusion-:After the aforementioned study, we can conclude that in both CAPITALISTandSOCIALIST economies extreme situation exists i.e either full control of government or no control.Whereas in MIXEDeconomy thereis partial control of government which is the best option.