ECONOMIC DEVELOPMENT STUDY- Instant Assignment Help

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ECONOMIC DEVELOPMENT STUDY- Instant Assignment Help
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An economy is defined as the system of country which consists of various factors of
production such as land, labour, capital and material etc (Bowles, 2006). The main objective of
wealth system is to maintain the balance between available resources and needs or wants of
citizens. It consists of basic three types of economies such as planned, market and mixed
economy (Chen and Mohamed, 2008). Whereas mixed economy is the combination of both
private and public sector. Most of the countries enjoy this type of wealth including United
Kingdom and United States of America. This essays shows benefit of mixed economy to UK in
which detailed description of meaning, advantages and disadvantage of combined wealth is
being given (Dettwiler and et.al., 2006).
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ECONOMIC DEVELOPMENT STUDY- Instant Assignment Help