BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Economic systems can be categorized into four main types: traditional economies, command economies, mixed economies, and market economies.

Detailed explanation-2: -Publisher Summary. This chapter is concerned with various simple models of economic growth. It examines three models, including the multiplier-accelerator model, two-sector model for investment planning, and an optimizing allocation mode. All three models are set out in a very simple form.

Detailed explanation-3: -The different kinds of economic systems are Market Economy, Planned Economy, Centrally Planned Economy, Socialist, and Communist Economies. All these are characterized by the ownership of the economics resources and the allocation of the same.

Detailed explanation-4: -Quite simply, there are more opportunities for more people. Based on a broad range of input from experts, academics, peers, and public opinion, the Foundation defines inclusive economies by five inter-related characteristics: participation, equity, growth, sustainability, and stability.