Economic Systems Explained | Traditional Economy | Command Economy | Mixed Economy | Market Economy

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This video explains three building blocks of an economic system.By comparing four economic systems used in the world, in this lesson Mekala is helping you to understand how each economic system try to solve four economic questions " what to produce", " How to produce", How many to produce" and " For whom to produce "
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its useful for us beginners, thank you for the lecture and hope to learn more. 😀

pavithiru