UPSC Exam > UPSC Videos > Indian Economy for UPSC CSE > Types of Economies: Economics
Types of Economies: Economics Video Lecture | Indian Economy for UPSC CSE
|
139 videos|315 docs|136 tests
|
FAQs on Types of Economies: Economics Video Lecture - Indian Economy for UPSC CSE
| 1. What are the different types of economies? |  |
Ans. Different types of economies include traditional economy, command economy, market economy, and mixed economy.
| 2. What is a traditional economy? | |
Ans. A traditional economy is based on customs, traditions, and cultural beliefs. It relies on agriculture, hunting, and gathering, with little to no use of technology or modern methods.
| 3. What is a command economy? | |
Ans. In a command economy, the government controls all aspects of production, distribution, and pricing. Resources are allocated according to the central authority's plan and decisions.
| 4. What is a market economy? | |
Ans. A market economy is driven by supply and demand, with decisions made by individuals and businesses rather than the government. Prices are determined by competition in the market.
| 5. What is a mixed economy? | |
Ans. A mixed economy combines elements of both market and command economies. Some industries are controlled by the government, while others operate in a free market system.
Related Exams
About this Video
|
13.2K Views |
|
4.80/5 Rating |
|
Nov 15, 2024 Last updated |
Video Description: Types of Economies: Economics for UPSC 2024 is part of Indian Economy for UPSC CSE preparation.
The notes and questions for Types of Economies: Economics have been prepared according to the UPSC exam syllabus.
Information about Types of Economies: Economics covers all important topics for UPSC 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Types of Economies: Economics.
Introduction of Types of Economies: Economics in English is available as part of our Indian Economy for UPSC CSE for UPSC & Types of Economies: Economics in
Hindi for Indian Economy for UPSC CSE course. Download more important topics related with notes, lectures and mock test series for
UPSC Exam by signing up for free.
Description
Video Lecture & Questions for Types of Economies: Economics Video Lecture | Indian Economy for UPSC CSE - UPSC full syllabus preparation | Free video for UPSC exam to prepare for Indian Economy for UPSC CSE.
Information about Types of Economies: Economics
Here you can find the meaning of Types of Economies: Economics defined & explained in the simplest way possible.
Besides explaining types of Types of Economies: Economics theory, EduRev gives you an ample number of questions to practice Types of Economies: Economics tests,
examples and also practice UPSC tests.
|
139 videos|315 docs|136 tests
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
MCQs
,Exam
,Types of Economies: Economics Video Lecture | Indian Economy for UPSC CSE
,Summary
,Types of Economies: Economics Video Lecture | Indian Economy for UPSC CSE
,study material
,ppt
,video lectures
,past year papers
,Types of Economies: Economics Video Lecture | Indian Economy for UPSC CSE
,Extra Questions
,Objective type Questions
,Semester Notes
,Free
,mock tests for examination
,Important questions
,Sample Paper
,Viva Questions
,shortcuts and tricks
,Previous Year Questions with Solutions
,practice quizzes
;
Study Types of Economies: Economics on the App
Students of UPSC can study Types of Economies: Economics alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Types of Economies: Economics,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Types of Economies: Economics is prepared as per the latest UPSC syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup