The branch of economic theory the deals with problem allocation resources?

EduRev

All Courses

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

CA Foundation Exam > CA Foundation Questions > The branch of economic theory the deals with ...

Join the Discussion on the App

The branch of economic theory the deals with problem allocation resources?

Join for Free

Join for Free

View all answers Start learning for free

Explore Courses for CA Foundation exam

Similar CA Foundation Doubts

The branch of economic theory that deals with allocation of resources? A. Microeconomics B. Macroeconomics C. Econometrics D. None of the above. T3answer is A. Can anybody explain.?

View answer

In economics the central economic problem means 1 point Output is restricted to the limited availability of resources Consumer do not have as much money as they would wish There will be always certain level of unemployment Resources are not allocated in an optimum way?

View answer

The term "capitalism" refers to which of the following?

View answer

In Economics, the central economic problem means

View answer

Features of a Mixed Economy:A mixed economy is an economic system that combines elements of both a market economy and a planned economy. It incorporates features of both private enterprise and government intervention. The correct answer is D, as all of the following features are characteristic of a mixed economy:1. Planned economy:A mixed economy includes elements of a planned economy, where the government plays a role in guiding and regulating economic activities. It formulates economic plans and policies to ensure the efficient allocation of resources and to promote economic stability.2. Dual system of pricing:In a mixed economy, there exists a dual system of pricing, which means that both market prices and government-set prices coexist. While market forces determine prices for most goods and services, the government may intervene to regulate prices in certain sectors to protect consumers or promote social welfare.3. Balanced regional development:Another characteristic of a mixed economy is the emphasis on balanced regional development. The government intervenes to ensure that economic growth and development are not concentrated in specific regions or industries but are spread across different regions and sectors. This helps to reduce regional disparities and promote overall economic stability and social welfare.Benefits of a Mixed Economy:A mixed economy offers several benefits due to its combination of market forces and government intervention. Some of these benefits include:1. Economic efficiency:By incorporating market mechanisms, a mixed economy allows for resource allocation based on supply and demand, which promotes economic efficiency. Market forces encourage competition, innovation, and productivity, leading to higher levels of economic growth.2. Social welfare:Government intervention in a mixed economy enables the provision of public goods and services that may not be adequately provided by the market alone. This includes areas such as healthcare, education, infrastructure, and social security, ensuring a certain level of social welfare and equity.3. Stability and regulation:The government's role in a mixed economy helps to maintain economic stability through macroeconomic policies such as fiscal and monetary measures. It also regulates certain sectors to prevent market failures, protect consumer rights, and ensure fair competition.Conclusion:A mixed economy combines the advantages of both market forces and government intervention. It allows for economic efficiency, social welfare, and stability. The features of a mixed economy include elements of a planned economy, a dual system of pricing, and balanced regional development. These features work together to create a system that promotes both economic growth and social welfare.

View answer

Top Courses for CA FoundationView all

Quantitative Aptitude for CA Foundation

Principles and Practice of Accounting

Business Laws for CA Foundation

Business Economics for CA Foundation

Mock Tests & Past Year Papers for CA Foundation

Top Courses for CA Foundation

View all

The branch of economic theory the deals with problem allocation resources?

Share with a Friend

Answer this doubt

Question Description
The branch of economic theory the deals with problem allocation resources? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The branch of economic theory the deals with problem allocation resources? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The branch of economic theory the deals with problem allocation resources?.

Solutions for The branch of economic theory the deals with problem allocation resources? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of The branch of economic theory the deals with problem allocation resources? defined & explained in the simplest way possible. Besides giving the explanation of The branch of economic theory the deals with problem allocation resources?, a detailed solution for The branch of economic theory the deals with problem allocation resources? has been provided alongside types of The branch of economic theory the deals with problem allocation resources? theory, EduRev gives you an ample number of questions to practice The branch of economic theory the deals with problem allocation resources? tests, examples and also practice CA Foundation tests.

Explore Courses for CA Foundation exam