3. What is Economic System?
An economic system is a system
of production, resource allocation,
exchange, and distribution of goods
and services
in a society or a given geographic a
4. TYPES OF ECONOMIC
SYSTEMS
1. Capitalist Economic System
2. Socialist Economic System
3. Mixed Economic System
4. Islamic Economic System
5. CAPITALIST ECONOMIC
SYSTEM
Capitalism is an economic system
in which the means of production
are privately owned and operated
for profit, usually in competitive
markets.
9. MIXED ECONOMIC
SYSTEM
Any economy in which private corporate
enterprises and public sector enterprises exist
side by-side, and decisions taken through market
mechanism are supplemented by some form of
partial planning, is to be described as a mixed
economy.
This system overcomes the disadvantages of both
the market and planned economic systems.
10. ISLAMIC ECONOMIC
SYSTEM
It’s an economy where Islamic
laws & institution prevails and
where majority of it’s individuals
believes in the Islamic ideology
and practices is way of life.
11. ECONOMIC SYSTEM OF
BANGLADESH
Since Bangladesh followed a socialist economy
by nationalizing all industries after its
independence, it underwent a slow growth of
producing.
They faced a lot of problems and tried to
decentralized the industries and form there
the theme of capitalism comes.
From then, Bangladesh became a country of
Mixed Economic System
12. MIXED ECONOMIC SYSTEM
IN BANGLADESH
1. Resources are owned both by the government
as well as private individuals.
2. Co-existence of both public sector and private
sector.
3. Market forces prevail but are closely monitored
by the government.
4. Monopolies may be existing but under close
supervision of the government.