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The Indian economy is the world's twelfth largest according to market exchange rates. It is also the fourth largest economy by purchasing power parity (PPP) basis. From 1947 to 1991, the India Economic System was based on social democratic-based policies. The policies feature protectionism, extensive regulation and public ownership which led to slow growth and corruption.

But the economy has moved to a market-based system with economic liberalization starting in 1991. The growth rate of the economy increased in 2000's with healthier economic reforms and policies. India became the second-fastest growing major economy in the world by 2008.

In economic terms, India has a Mixed Market Economy - it uses a variety of government regulations to control the economy, but relies primarily on market forces to set pricing and demand and uses the general principles of capitalism.

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It has its own assembly and is a constituent country of the United Kingdom.

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Well the wealthiest people would be the pharohs and they would have gold, gold statues, precious stones, and gems. All others would be on the relatively poor side and would work to please the pharoh by building pyramids (as If they were slaves).

Hope this helps...

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Capitalist Mixed Economy

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to produce and distribute goods and services

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profit

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April 13, 1917

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Oil-rich Nigeria, long hobbled by political instability, corruption, inadequate infrastructure, and poor macroeconomic management, is undertaking some reforms under a new reforms-minded administration.

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The capitalist system or "market economy" uses trade. You earn money where you want and use it to buy what you want (trading money for goods). It is possible that the question is looking for an answer of a "barter economy" where people trade goods and services directly without the use of currency (I give you 1 cow for 5 sheep).

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It is most likely the most wasteful country is the most polluting country, in which case this is China (there are no official statistics to countries based on their amount of waste).

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Theme

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Pearl Harbor, by giving Roosevelt the green light to bring the US directly into World War II, concentrated power in the hands of the federal government. This happens in all wars. No government can wage war without greatly reducing the freedom of its people. After the war, many of the freedoms Americans lost were returned to them. But inevitably the government did not return to its pre-war size. A government grows after every war and crisis. For more information read "Crisis and Leviathan" by Robert Higgs.

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Mexico has a mixed economy dominated by free market companies with some key industries owned by the government. Of special importance in this regard are the oil and electricity industries.

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China once had a socialist, planned economy where the government (one party) controlled and owned all the means and methods of production. China currently has a very strange mix of socialist, capitalist, and communist ideas for their economy. It is unique in the world, and often really defies categorization.

While many capitalist ideas are in place, several core tenets of capitalism do not exist (sanctity of contracts, private property ownership). Likewise, far too many communist ideas are being ignored (allowing private collection of wealth, private ownership of external (foreign) investments allowed) for it to be considered Communist.

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Typically, people will argue that the US has a CAPITALISTeconomic system, but the US actually has a mixed economy with some aspects of capitalism, some aspects of corporatism, some aspects of socialism, and some aspects of regulatorily-managed economics.

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What are the merits and demerits of an economic system?

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People use an economic system to make and exchange goods among others.

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capitalist system

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Russia is an industrialized Capitalist economy, with some state regulations, similar to most of Europe. The majority of business are in private hands. There are stock exchanges etc. But there is a strong control of business from outside the government. It is a mixed economy

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It is a mixed economy.

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Communism, capitalism, and socialism.
capitalism

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Answer: Who owns the factors of production, and the methods used to coordinate economic activity.

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1. What goods and services should be produced? (goverment,producer, consumer)

2. How should these goods and services be produced? (goverment, producer, consumer)

3. For whom should the goods and services be produced?(goverment, producer, consumer)