Economic Systems

Economies pros and cons This video attempts to give an insight into the type of economies and their advantages and disadvantages. Before discussing types of economies it is essential for us to understand what an economy is. In broad terms economy is a framework under which activities are undertaken. Activities could be both economic and non economic. An economic activity refers to anything that allows some kind of gain monetarily. For more info Subscribe to our Channel : https://www.youtube.com/theopenbook

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