4. COMPARISON
CAPITALISTIC ECONOMY
PRIVATE PROPERTY
RIGHT TO INHERITANCE
FREEDOM OF ENTERPRISE
FREEDOM OF CHOICE FOR
CONSUMERS
PRICE MECHANISM
PROFIT MOTIVE
SELF INTEREST
LAISSEZ FAIRE STATE
SOCIALISTIC ECONOMY
SOCIALISTIC OWNERSHIP
OF RESOURCES
ECONOMIC PLANNING
SOCIAL WELFARE AS A
MOTIVATING FORCE
ECONOMIC EQUALITIES
CLASSLESS SOCIETY
ELIMINATION OF
COMPETITON
6. • SPIRIT OF ENTERPRISE
• INCENTIVE FOR TECHNOLOGICAL
PROGRESS
• EFFICIENT USE OF RESOURCES
• INCENTIVE FOR CAPITAL FORMATION
• NEW CONSUMER GOODS
7. • FLEXIBILTY AND ADAPTABILITY
• AUTOMATIC WORKING
• ECONOMIC FREEDOM
• INCREASE IN PRODUCTION AND
STANDARD OF LIVING
• EXPANSION OF INTERNATIONAL TRADE
12. MIXED ECONOMY
CO EXISTENCE OF PUBLIC AND PRIVATE
SECTORS
CO EXISTENCE OF CAPITALISTIC AND
SOCIALISTIC FEATURES
ECONOMIC PLANNING
PROMOTION OF SOCIAL WELFARE
PRICE MECHANISM
PROFIT MOTIVE
PRESERVATION OF FREEDOM
REGULATION AND CONTROL OF
PRIVATE SECTOR
14. • BETTER ALLOCATION OF RESOURCES
• FULLER UTILISATION OF RESOURCES
• ELIMINATION OF ECONOMIC INSTABILITY
• EQUITABLE DISTRIBUTION OF INCOME
• ELIMINATION OF CLASS STRUGGLE
15. • PROVISION OF SOCIAL SECURITY
• INCREASE IN PRODUCTIVE EFFICIENCY
• RAPID ECONOMIC GROWTH
• PRODUCTION OF MORE USEFUL
GOODS
21. • PROPER ALLOCATION OF RESOURCES
• ECONOMIC STABILITY
• ADVANTAGES OF THE MARKET SYSTEM
• RAPID ECONOMIC DEVELOPMENT
• CHECK ON CONCENTRATION OF ECONOMIC
POWER
• ECONOMIC AND POLITICAL FREEDOM
23. • CONFLICT BETWEEN THE PUBLIC AND
PRIVATE SECTORS
• SHORT-LIVED NATURE
• INEFFICIENT OPERATION
• POOR PERFORMANCE OF THE PUBLIC
SECTORS
• EXCESSIVE REGULATIONS