Mixed Economy, National Economy, World Economy.: Building Economics

Mixed economy ,national
economy, world economy.

BUILDING ECONOMICS
SUBMITTED TO:
SUBMITTED BY:
AR. ANUBHAV MITTAL
ABDUL SAKUR
3RD YEAR 6TH SEMESTER
SCHOOL OF ARCHITECTURE,
AGI ,JAIPUR
Aneconomic systemis
asystemofproduction
andexchangeofgoods and servicesas
well asallocation of resourcesin
asociety. It includes the combination of
the variousinstitutions, agencies,
entities (or even sectors as described by
some authors) and consumers that
comprise the economic structure of a
Types of economy
given community. A related concept is
themodeSocialist
of production.
Capitalist
Mixed Economy
Economy Economy
Mixed economy is an economic system which

is combination of capitalistic economic freedom
and principles of socialistic economic control.
WHY MIXED ECONOMY;The term "mixed economy" arose in the
context of political debate in the United
Kingdom in the postwar period
Mixed economy is an economic system in
which both the state and private sector
direct the economy, reflecting characteristics
of both market economies and planned
economies.
MAKING OF MIXED ECONOMY:The making of mixed economy is

divided into three different sections
stated as follows:
Private Sector
Public Sector
Autonomous Bodies/Semi-Public
Sector
PUBLIC SECTOR
The part of the economy concerned
with providing basic government
services to the public is called public
sector. The composition of the
public sector varies by country, but in
most countries the public sector
includes such services as the police,
military, public roads, public primary
education and healthcare for the poor.
MERITS OF MIXED ECONOMY

Efficient
Freedom of decision making of
Consumer
Planned development
Increase in National Production
DEMERITS OF MIXED ECONOMY

Corruption
Fear of nationalization
Bureaucracy and red
Conflict between public and private
sector
CONLUSION:-
A mixed economy is a mix between
socialism and capitalism.
In this system the freedom in the
economic activities are influenced by
the Government's regulation and
licensing policies.
Features
Of :-
Mixed
Economy
Private and public sector exist side by side.

Thus, economic activities are carried out by
individuals as well as the government.
Private and public sectors are required to
function in a properly coordinated manner.
A part from national security, government
engages itself in those activities that the
private enterprises consider as unprofitable or
beyond this reach.
All basic and heavy industries and other
strategic sector of an economy e.g., banking,
transport, energy etc. are controlled by the
government. Agriculture, consumer goods and
other industries trade are left for the private
sector.
ADVANTAGE
Since mixed economy involves both
government and private enterprises it has the
advantage of taking the benefits of capitalist
nature of private companies and socialist
nature of government.
There is less inequality of income because
intent of government is to have a balanced
economic growth of an economy.
Mixed economy allows individuals to run
their business and make profits but at the
same time it places some responsibility on
these companies by inducing them to
contribute towards the welfare of society.
Disadvantages
Since welfare of society is important in a mixed
economy it leads to lower than optimum use of
the resources because government mobilize the
resources towards the production of those goods
and services which are beneficial for the society
as a whole rather than producing those goods
and services which in economic terms are more
beneficial for an economy.
Under mixed economy private enterprises have
to face lot of difficulty because of various
government loopholes like favoritism and
bureaucratic nature which is prevalent in mixed
economy.
Development Of Economic Systems

Economic systems: Centralized states
Very little is known of the origin of the second of the

great systems of social coordinationnamely, the
creation of a central apparatus of command and
rulership. From ancient clusters of population,
impressive civilizations emerged in Egypt, China,
and India during the 3rd millenniumBC, bringing
with them not only dazzling advances in culture but
also the potent instrument of state...
Economic Growth
Economic growth
the process by which a nations wealth increases

over time. Although the term is often used in
discussions of short-term economic performance, in
the context of economic theory it generally refers to
NationalEconomy
Thenationaleconomyincludesthesectorsofthepr
oductionsphere,where
materialsocialproductiscreated,andsectorsofth
e non
productionsphere,wherenonmaterialservicesare
performed.Material
productionisinturndividedintothosesectorsthat
producethe
meansofproductionandthosesectorsthatproduce
consumergoods.
Thesocioeconomicnatureofanynationaleconomy,
aswellasitsstructureandrateofdevelopment,is
determinedbythecharacterofthe
dominantproductionrelationshipsinsociety.
Undercapitalism,thenationaleconomyasaunified
wholefirsttakesshape
duringtheformationofnationalstates.Itisaresult
World Economy
Theworld
economyorglobal
economyis
theeconomyof the world, considered as an
international exchange of goods and services.
The "international" or "global economy" being
measured
separately
and
distinguished
fromnationaleconomies while the "world economy"
is simply an aggregate of the separate countries'
measurements.
It is common to limit questions of the world
economy exclusively tohuman economic activity,
and the world economy is typically judged in
monetary terms, even in cases in which there is no
efficient market to help valuate certain goods or
services, or in cases in which a lack of independent
research or government cooperation makes
establishing figures difficult. Typical examples
blic Housing Development

Public housingis a form ofhousing tenurein which
the property is owned by agovernmentauthority,
which may be central or local. Social housingis
anumbrella termreferring to rental housing which
may be owned and managed by the state, by nonprofit organizations, or by a combination of the two,
usually with the aim of providingaffordable housing.
Social housing can also be seen as a potential remedy
tohousing inequality.
He origins of municipal housing lie in the dramatic
urban population increase caused by theIndustrial
Revolutionof the 19th century. In the large cities of
the period, many social commentators, such
asOctavia HillandCharles Boothreported on the
squalor, sickness and immorality that arose.
Bibliography: http://timesofindia.indiatimes.com/
http://en.wikipedia.org/
http://ww2.unhabitat.org/
http://www.slideshare.net/

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Mixed economy ,national

economy, world economy.

Mixed economy is an economic system which

MAKING OF MIXED ECONOMY:The making of mixed economy is

MERITS OF MIXED ECONOMY

DEMERITS OF MIXED ECONOMY

Private and public sector exist side by side.

Development Of Economic Systems

Very little is known of the origin of the second of the

the process by which a nations wealth increases

blic Housing Development

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