capitalism

Explain mixed economic system. What are its main features, merits and demerits?

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Introduction A mixed economic system is a combination of both capitalism and socialism. It is an economic model where both private enterprises and the government play important roles in the economy. This system seeks to combine the efficiency and innovation of private businesses with the social welfare objectives of the government. Most countries today, including […]

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Write a note on the relationship between colonialism, Capitalism and urbanisation during early modern India.

Leave a Comment / MHI-111: Urbanization in India-2 /

Introduction The early modern period in Indian history, spanning from the late 17th to the early 19th centuries, witnessed profound transformations due to the rise of European colonial powers, particularly the British. Colonialism and capitalism jointly influenced the course of urbanisation in India. Cities expanded, changed character, and were integrated into global economic networks. This

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Write a short note on each part of the following questions in about 250 words [A] Marx’s Historical Materialism [B] John Locke on social contract and civil society

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(a): Marx’s Historical Materialism Karl Marx (1818–1883) was a German philosopher, economist, and social theorist whose ideas have had a huge impact on politics, economics, and society. One of his most important contributions is Historical Materialism. This concept explains how human history is shaped by material or economic conditions. To keep it simple, Marx believed

Write a short note on each part of the following questions in about 250 words [A] Marx’s Historical Materialism [B] John Locke on social contract and civil society Read More »

Karl Marx’s theory of Surplus Value. (500 words)

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Karl Marx, the 19th-century German philosopher, economist, and political theorist, is renowned for his contributions to the field of political economy, particularly his theory of surplus value. This theory is a central element of Marx’s critique of capitalism and his vision of a classless society. Let’s delve into Marx’s theory of surplus value: 1. Labor

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What is a market economy? Analyze its benefits and drawbacks.

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A market economy, also known as a free-market economy or capitalism, is an economic system in which economic decisions, including the production, distribution, and pricing of goods and services, are primarily determined by the forces of supply and demand in an open and competitive marketplace. In a market economy, the government’s role is limited, and

What is a market economy? Analyze its benefits and drawbacks. Read More »

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