Mixed economy ,nationaleconomy, world economy.SUBMITTED TO:AR. ANUBHA MITTA!SUBMITTED B":ABDU! SA#UR$RD "EAR %TH SEMESTERS&HOO! O' AR&HITE&TURE,A(I ,)AI*URBUI!DIN( E&ONOMI&SAneconomic systemi, a,y,temo-.rod/ction andexc0an1eo-1ood, and ,er2ice,a, well a,allocation o- re,o/rce,in a,ociety. It incl/de, t0e com3ination o- t0e 2ario/,in,tit/tion,, a1encie,, entitie, 4or e2en ,ector, a, de,cri3ed 3y ,ome a/t0or,5 and con,/mer, t0at com.ri,e t0e economic ,tr/ct/re o- a 1i2en comm/nity. A related conce.t i, t0emode o- .rod/ction.Ty.e, o- economy&a.itali,t Sociali,t Mixed Economy Economy Economy6Mixed economy i, an economic ,y,tem w0ic0 i, com3ination o- ca.itali,tic economic -reedom and .rinci.le, o- ,ociali,tic economic control.78H" MI9ED E&ONOM":;T0e term et economie, and .lanned economie,.MA#IN( O' MI9ED E&ONOM":; T0e ma>in1 o- mixed economy i, di2ided into t0ree di?erent ,ection, ,tated a, -ollow,: *ri2ate Sector */3lic Sector A/tonomo/, Bodie,@Semi;*/3lic Sector*UB!I& SE&TORT0e .art o- t0e economy concerned wit0 .ro2idin1 3a,ic 1o2ernment ,er2ice, to t0e ./3lic i, called ./3lic ,ector. T0e com.o,ition o- t0e./3lic ,ector 2arie, 3y co/ntry, 3/t in mo,t co/ntrie, t0e ./3lic ,ector incl/de, ,/c0 ,er2ice, a, t0e .olice, military, ./3lic road,, ./3lic .rimary ed/cation and 0ealt0care -or t0e .oor.MERITS O' MI9ED E&ONOM" EAcient 'reedom o- deci,ion ma>in1 o- &on,/mer *lanned de2elo.ment Increa,e in National *rod/ctionDEMERITS O' MI9ED E&ONOM" &orr/.tion 'ear o- nationaliBation B/rea/cracy and red &on=ict 3etween ./3lic and .ri2ate ,ector&ON!USION:;A mixed economy i, a mix 3etween ,ociali,m and ca.itali,m. In t0i, ,y,tem t0e -reedom in t0e economic acti2itie, are in=/enced 3y t0e (o2ernmentC, re1/lation and licen,in1 .olicie,.D *ri2ate and ./3lic ,ector exi,t ,ide 3y ,ide. T0/,, economic acti2itie, are carried o/t 3y indi2id/al, a, well a, t0e 1o2ernment.D *ri2ate and ./3lic ,ector, are reE/ired to -/nction in a .ro.erly coordinated manner.D A .art -rom national ,ec/rity, 1o2ernment en1a1e, it,el- in t0o,e acti2itie, t0at t0e .ri2ate enter.ri,e, con,ider a, /n.roFta3le or 3eyond t0i, reac0.D All 3a,ic and 0ea2y ind/,trie, and ot0er ,trate1ic ,ector o- an economy e.1., 3an>in1, tran,.ort, ener1y etc. are controlled 3y t0e 1o2ernment. A1ric/lt/re, con,/mer 1ood, and ot0er ind/,trie, trade are le-t -or t0e .ri2ate ,ector.'eat/re,MixedEconomy O- :;D Since mixed economy in2ol2e, 3ot0 1o2ernment and .ri2ate enter.ri,e, it 0a, t0e ad2anta1e o- ta>in1 t0e 3eneFt, o- ca.itali,t nat/re o- .ri2ate com.anie, and ,ociali,t nat/re o- 1o2ernment.D T0ere i, le,, ineE/ality o- income 3eca/,e intent o- 1o2ernment i, to 0a2e a 3alanced economic 1rowt0 o- an economy.D Mixed economy allow, indi2id/al, to r/n t0eir 3/,ine,, and ma>e .roFt, 3/t at t0e ,ame time it .lace, ,ome re,.on,i3ility on t0e,e com.anie, 3y ind/cin1 t0em to contri3/te toward, t0e wel-are o- ,ociety.ADANTA(ED Since wel-are o- ,ociety i, im.ortant in a mixed economy it lead, to lower t0an o.tim/m /,e o- t0e re,o/rce, 3eca/,e 1o2ernment mo3iliBe t0e re,o/rce, toward, t0e .rod/ction o- t0o,e 1ood, and ,er2ice, w0ic0 are 3eneFcial -or t0e ,ociety a, a w0ole rat0er t0an .rod/cin1 t0o,e 1ood, and ,er2ice, w0ic0 in economic term, are more 3eneFcial -or an economy.D Under mixed economy .ri2ate enter.ri,e, 0a2e to -ace lot o- diAc/lty 3eca/,e o- 2ario/, 1o2ernment loo.0ole, li>e -a2oriti,m and 3/rea/cratic nat/re w0ic0 i, .re2alent in mixed economy.Di,ad2anta1e,Development Of Economic SystemsEconomic ,y,tem,: &entraliBed ,tate,ery little i, >nown o- t0e ori1in o- t0e ,econd o- t0e 1reat ,y,tem, o- ,ocial coordinationGnamely, t0e creation o- a central a..arat/, o- command and r/ler,0i.. 'rom ancient cl/,ter, o- .o./lation, im.re,,i2e ci2iliBation, emer1ed in E1y.t, &0ina, and India d/rin1 t0e $rd millenni/mB&, 3rin1in1 wit0 t0em not only daBBlin1 ad2ance, in c/lt/re 3/t al,o t0e .otent in,tr/ment o- ,tate...Economic GrowthEconomic 1rowt0t0e .roce,, 3y w0ic0 a nationH, wealt0 increa,e, o2er time. Alt0o/10 t0e term i, o-ten /,ed in di,c/,,ion, o- ,0ort;term economic .er-ormance, in t0e context o- economic t0eory it 1enerally re-er, to an increa,e in wealt0 o2er an extended .eriod.T0enationaleconomyincl/de,t0e,ector,o-t0e.rod/ction,.0ere,w0ere material,ocial.rod/cti,created,and,ector,o-t0e non.rod/ction,.0ere,w0erenonmaterial,er2ice,are.er-ormed.Material

.rod/ctioni,int/rndi2idedintot0o,e,ector,t0at.rod/cet0e mean,o-.rod/ctionandt0o,e,ector,t0at.rod/cecon,/mer1ood,.T0e,ocioeconomicnat/reo-anynationaleconomy,a,wella,it,,tr/ct/reandrateo-de2elo.ment,i,determined3yt0ec0aractero-t0e dominant.rod/ctionrelation,0i.,in,ociety.Underca.itali,m,t0enationaleconomya,a/niFedw0oleFr,tta>e,,0a.e d/rin1t0e-ormationo-national,tate,.Iti,are,/lto-t0e de2elo.mento-.rod/cti2e-orce,andt0edi2i,iono-la3orin,ociety,t0e

NationalEconomyT0eworldeconomyorglobaleconomyi, t0eeconomyo-t0eworld,con,idereda,an international exc0an1e o- 1ood, and ,er2ice,.T0eet1ood,, w0ic03yany,tandardarea.arto-t0eworld economy,3/t-orw0ic0t0erei,3ydeFnitionno le1al mar>et o- any >ind.World Economy*/3lic0o/,in1i,a-ormo-0o/,in1ten/reinw0ic0 t0e.ro.ertyi,owned3ya1o2ernmenta/t0ority, w0ic0may3ecentralorlocal.Socialhousingi, an/m3rellatermre-errin1torental0o/,in1w0ic0 may3eownedandmana1ed3yt0e,tate,3ynon;.roFtor1aniBation,,or3yacom3inationo-t0etwo, /,/ally wit0 t0e aim o- .ro2idin1a?orda3le 0o/,in1. Social 0o/,in1 can al,o 3e ,een a, a .otential remedy to0o/,in1 ineE/ality.Heori1in,o-m/nici.al0o/,in1lieint0edramatic /r3an.o./lationincrea,eca/,ed3yt0eInd/,trial Re2ol/tiono-t0eJKt0cent/ry.Int0elar1ecitie,o- t0e.eriod,many,ocialcommentator,,,/c0 a,Octa2iaHilland&0arle,Boot0re.ortedont0e ,E/alor, ,ic>ne,, and immorality t0at aro,e.Public Housing DevelopmentBibliography!0tt.:@@time,oFndia.indiatime,.com@0tt.:@@en.wi>i.edia.or1@0tt.:@@wwL./n0a3itat.or1@0tt.:@@www.,lide,0are.net@