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Sumanthbabu

Web developer l busi... • 1y

Happy to see your curious comment. Just take example of NorthKorea ,where all goods production and the price of goods is decided by government itself..(this is state run economy) Whereas In India or America private individuals and businesses take those decisions according to current market.(this is market-run economy). Another important thing, why state run economy causes problems in economy is The decisions taken by government will take lot of time and the decisions might not be effective enough to make profits. Hope you understood..still have doubts. Feel Free to post .. by the way I'm also graduated from MVSR Engineering College( 2022)

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