Commerce Exam > Commerce Videos > Economics Class 12 > Economy and Economic system: Types of Economic System and Importance of Plan and Objectives
Economy and Economic system: Types of Economic System and Importance of Plan and Objectives Video Lecture | Economics Class 12 - Commerce
|
86 videos|337 docs|54 tests
|
FAQs on Economy and Economic system: Types of Economic System and Importance of Plan and Objectives Video Lecture - Economics Class 12 - Commerce
| 1. What are the different types of economic systems? |  |
Ans. The different types of economic systems include traditional, command, market, and mixed economies.
| 2. Why is it important to have a plan and objectives in an economic system? | |
Ans. Having a plan and objectives in an economic system helps to guide decision-making, allocate resources efficiently, and achieve economic growth and development.
| 3. How does a traditional economic system work? | |
Ans. In a traditional economic system, economic activities are based on customs, traditions, and beliefs passed down through generations, with little to no government intervention or market forces.
| 4. What are the characteristics of a market economy? | |
Ans. In a market economy, decisions on what to produce, how to produce, and for whom to produce are determined by supply and demand in the market, with minimal government intervention.
| 5. What is the role of government in a mixed economy? | |
Ans. In a mixed economy, the government plays a role in regulating and overseeing economic activities, while also allowing for market forces to determine prices and allocate resources efficiently.
Related Exams
About this Video
|
Nov 23, 2024 Last updated |
Video Description: Economy and Economic system: Types of Economic System and Importance of Plan and Objectives for Commerce 2024 is part of Economics Class 12 preparation.
The notes and questions for Economy and Economic system: Types of Economic System and Importance of Plan and Objectives have been prepared according to the Commerce exam syllabus.
Information about Economy and Economic system: Types of Economic System and Importance of Plan and Objectives covers all important topics for Commerce 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Economy and Economic system: Types of Economic System and Importance of Plan and Objectives.
Introduction of Economy and Economic system: Types of Economic System and Importance of Plan and Objectives in English is available as part of our Economics Class 12 for Commerce & Economy and Economic system: Types of Economic System and Importance of Plan and Objectives in
Hindi for Economics Class 12 course. Download more important topics related with notes, lectures and mock test series for
Commerce Exam by signing up for free.
Description
Video Lecture & Questions for Economy and Economic system: Types of Economic System and Importance of Plan and Objectives Video Lecture | Economics Class 12 - Commerce - Commerce full syllabus preparation | Free video for Commerce exam to prepare for Economics Class 12.
Information about Economy and Economic system: Types of Economic System and Importance of Plan and Objectives
Here you can find the meaning of Economy and Economic system: Types of Economic System and Importance of Plan and Objectives defined & explained in the simplest way possible.
Besides explaining types of Economy and Economic system: Types of Economic System and Importance of Plan and Objectives theory, EduRev gives you an ample number of questions to practice Economy and Economic system: Types of Economic System and Importance of Plan and Objectives tests,
examples and also practice Commerce tests.
|
86 videos|337 docs|54 tests
|
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
ppt
,MCQs
,Important questions
,Sample Paper
,video lectures
,Previous Year Questions with Solutions
,shortcuts and tricks
,Economy and Economic system: Types of Economic System and Importance of Plan and Objectives Video Lecture | Economics Class 12 - Commerce
,Summary
,Exam
,study material
,Economy and Economic system: Types of Economic System and Importance of Plan and Objectives Video Lecture | Economics Class 12 - Commerce
,Extra Questions
,Economy and Economic system: Types of Economic System and Importance of Plan and Objectives Video Lecture | Economics Class 12 - Commerce
,practice quizzes
,Free
,Objective type Questions
,mock tests for examination
,past year papers
,Viva Questions
,Semester Notes
;
Study Economy and Economic system: Types of Economic System and Importance of Plan and Objectives on the App
Students of Commerce can study Economy and Economic system: Types of Economic System and Importance of Plan and Objectives alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Economy and Economic system: Types of Economic System and Importance of Plan and Objectives,
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 Economy and Economic system: Types of Economic System and Importance of Plan and Objectives is prepared as per the latest Commerce 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