Describe Capitalist Economy and its defects

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Principles of Economicsinfo_at_casestudyhelp.in9
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• Principles of Economics
• 1.What are the kinds and vital functions of
  Economies? Examine its Central Problems?
• 2.Describe Capitalist Economy and its defects.
• 3.What are the allocations of resources in a
  Socialist Economy? Discuss its advantages.

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• 4.Explain the features of a Mixed Economy. How
  are resources allocated in it and what are its
  defects?
• 5.Explain the individual and market demands
  curves.
• 6.Discuss the kinds of Price Elasticity of
  Demand. How are they measured?

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