Top 3 Types of Economic Systems: Nature, Economic Development and Ownership
Top 3 types of economic systems: 1. On the basis of nature 2. On the basis of economic development 3. On the basis of ownership of resources. 1. Types of Economies-On the Basis of Nature: 1. Simple Economy: An economic system where production, consumption and exchange of goods is carried out on a limited scale is referred to as simple [...]