Question

What is statism?

Solution

Statism is a system where free play of the market forces is not allowed and where the relative place structure is determined by the central authority keeping in view the motives of social welfare.

Some More Questions From Indian Economy 1950-1990 Chapter

Define capitalist economy.

What is a socialist economy?

What is mixed economy?

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Indian Economy 1950-1990

What is statism?

Some More Questions From Indian Economy 1950-1990 Chapter

Define capitalist economy.

What is a socialist economy?

What is mixed economy?

What is meant by economic growth?

What structural change undergoes with development of the economy?

Name the sectors from which the GDP of a country is derived.

On which idea is the policy of 'land to tiller' is based?

Where is the provision for economic and social planning in our Constitution?

Why is agriculture called the backbone of Indian Economy?

What is meant by agriculture?

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