31450446
Description
Mind Map by Rabab Soni, updated more than 1 year ago
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Created by Rabab Soni
almost 3 years ago
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Economics
- What to produce
- capital goods
- Defense goods
- capital goods
- how to produce
- Labour Intensive Tech.
- Capital Intensive Tech.
- Labour Intensive Tech.
- for whom to produce
- Rich
- Luxury
- Comfort
- Luxury
- Poor
- Necessity
- Necessity
- Rich
- Types Of Economies
- Market/Capatilist Economy
- Private
- export/import
- Demand & Supply
- Whatever demanded will be supplied
- No ethical Aspect
- No ethical Aspect
- Whatever demanded will be supplied
- Demand & Supply
- Individual Business
- Profit Matters
- Profit Matters
- No Interfering of the Government
- Private
- Centrally Planned/Command Economy
- Public
- Controlled by government
- Controlled by government
- Social Welfare & Satisfaction
- Ethical
- Ethical
- NOT only market forces
- Price Control
- Price Control
- Public
- Mixed Economy
- Combo of Market & Command Economy
- Advantages of both combined
- Combo of Market & Command Economy
- Market/Capatilist Economy
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