ECONOMICS
ECONOMIC SYSTEMS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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traditional
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command
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market
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mixed
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Detailed explanation-1: -Why are most economies in the world today considered mixed economies? Most economies are considered mixed because most have some portion of the means of production under government control. Most economic systems also have some element of the market or capitalism.
Detailed explanation-2: -India is the largest democratic country of the world. India is the largest democratic country in the world. Q. If every country becomes democratic, the world will by itself become democratic. Do you agree with this statement?
Detailed explanation-3: -A democratic country has a system of government in which the people have the power to participate in decision-making. Each democracy is unique and works in different ways. In some democracies citizens help make decisions directly by voting on laws and policy proposals (direct democracy).
Detailed explanation-4: -Every citizen plays an equal role in decision making. The demands of the people are fulfilled if it is within the principles of the constitution. Free and fair election. Every person has the right to cast their vote.