Comparison Of Economic Systems- by Imran Latif

Click here To Download Total 1 Page(s) ECONOMIC SYSTEMS FEATURES MARKET ECONOMY COMMAND ECONOMY MIXED ECONOMY Ownership of property : Private ownership Government  ownership Private + Public (govt.) ownership Motive or objective: Profit maximization Collective welfare social Private Sector   Profit maximsation Public Sector    Collective Welfare Allocative mechanism: Price mechanism ( demand and supply) Rationing mechanism […]

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