Economic Systems Explained: Capitalism, Socialism & Mixed Economy with Real-Life Examples
Автор: Learn Economics with Anjuli
Загружено: 2025-06-20
Просмотров: 1198
🌍 Why do some countries build tech giants like Apple while others prioritize free education and healthcare?
The answer lies in their economic system—the framework that decides what gets produced, how, and for whom.
In this video, we break down the three main types of economic systems with clear examples and engaging visuals.
⏱️ Timestamps
0:00–0:35 – Introduction to Economic Systems
0:36–2:07 – Capitalism (Market Economy)
2:08–3:24 – Socialism (Planned Economy)
3:25–5:21 – Mixed Economy
5:22–6:08 – Recap
6:09–6:50 – Economies in Transition
6:51 – Conclusion
🎓 What you’ll learn:
🟦 Capitalist Economy – Private ownership, profit motive, consumer choice, minimal government role.
🟥 Socialist Economy – Government planning, state ownership, focus on equality and social welfare.
🟨 Mixed Economy – Coexistence of private and public sectors, consumer choice with social safety nets.
📌 Real-life examples from countries like India, the UK, and China included!
✅ Great for students preparing for:
IGCSE & A-Level Economics
AP Micro/Macro
CBSE & ISC Boards
UPSC, UGC NET & other competitive exams
🔔 Subscribe for more simplified economic lessons and exam strategies!
🌐 Visit: https://econmadeazy.wixsite.com/econt...
#EconomicSystems #CapitalismVsSocialism #MixedEconomy #EconomicsExplained #IGCSEEconomics #APMacro #UPSCEconomy #StudentTips #Examtips
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