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Question
Compare the feature of Capitalism, Secularism, and Mixedism.
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Solution
| S.No. | Features | Capitalism | Socialism | Mixedism |
| 1 | Ownership of means of production | Private ownership | Public ownership | |
| 2 | Economic motive | Profit | Social welfare | Social welfare and the profit motive |
| 3 | Solution of central problems | Free market system | Central Planning system | Central planning ‘and Free market system |
| 4 | Government Role | Internal regulation only | Complete involvement | Limited Role |
| 5 | Income Distribution | unequal | Equal | Less unequal |
| 6 | Nature of Enterprise | Private Enterprise | Government Enterprise | Both private and state Enterprise |
| 7 | Economic freedom | Complete freedom | Lack of freedom | Limited freedom |
| 8 | Major Problem | Inequality | Inefficiency | Inequality and Inefficiency. |
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