{"id":26406,"date":"2015-03-06T06:43:09","date_gmt":"2015-03-06T06:43:09","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=26406"},"modified":"2024-04-03T13:15:50","modified_gmt":"2024-04-03T07:45:50","slug":"indian-economycapitalist-vs-socialist","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/indian-economycapitalist-vs-socialist\/","title":{"rendered":"Indian Economy:Capitalist vs Socialist"},"content":{"rendered":"<p style=\"text-align: center\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/Indian-Economy-Capitalist-vs-Socialist.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26454\" alt=\"Indian Economy Capitalist vs Socialist\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/Indian-Economy-Capitalist-vs-Socialist.jpg\" width=\"192\" height=\"168\" \/><\/a><\/p>\n<p>India has a mixed economy which contains the features of both Capitalist Economy and Socialist Economy. Rich people are mostly business people who want to make India a capitalist economy but on the other hand\u00a0 the politicians and bureaucrats who are the representatives of the people of India want to make India a Socialist Economy.Thus it maintains the feature of\u00a0 both economy. Generally they fight from each other and some time co-operate each other. Politicians works through bureaucrats and controls the business people.<\/p>\n<p>The business people&#8217;s\u00a0 aim is to\u00a0 generate profit and building their wealth. They want\u00a0 less interfere from the government in running their business activities smoothly. They hesitate to do business in those area where\u00a0 is\u00a0 no chance of profits or chance of loss but ready to do their business where\u00a0 is chance of\u00a0 profits. Government keeping\u00a0 social motives in mind\u00a0 attracts business people by offering\u00a0 subsidies and relaxation to run their businesses in Rural areas or where government deem fit for the development &amp; welfare of the people.<\/p>\n<p>Our India is divided into upper class, middle class and lower class people. As there are\u00a0 few rich\u00a0 and other are middle class &amp;\u00a0 lower class, like in a company owners are of\u00a0 upper class, Managers , officers and supervisors are of\u00a0 middle class and other workers are of lower class.<\/p>\n<p>Upper class people have access of almost every amenities which are require for the survival, luxury and growth. Middle class\u00a0 people have to work hard to have basic and luxurious amenities. But lower class even after\u00a0 hard work is unable to access basic amenities. They have meager mean for growth and do not get the opportunities on time and thus lead to a poor life.<\/p>\n<p>So they always fight for the survival. At last\u00a0 they have to depend on the mercy of\u00a0 upper, middle class and good governance\u00a0 by the\u00a0 government because &#8220;The government is the people for the people&#8221;. Thus the government has a duty, responsibility &amp;\u00a0 accountability to take care of\u00a0 the interest of all classes without prejudice to other otherwise there is no mean of Mixed Economy. It would be possible only if the government adhere on transparency and good governance in catering the needs of both Capitalist and Socialist.<\/p>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/accounting-banking-and-finance\">Click here for government certification in Accounting, Banking &amp; Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India has a mixed economy which contains the features of both Capitalist Economy and Socialist Economy. Rich people are mostly business people who want to make India a capitalist economy but on the other hand\u00a0 the politicians and bureaucrats who are the representatives of the people of India want to make India a Socialist Economy.Thus&#8230;<\/p>\n","protected":false},"author":964,"featured_media":26454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[2507,2407,1707,2506],"class_list":["post-26406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-capitalist","tag-divisions","tag-indian-economy","tag-socialist"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indian Economy:Capitalist vs Socialist - Vskills Blog<\/title>\n<meta name=\"description\" content=\"Is the Indian Economy truly a mixture of being capitalist and socialist?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/blog\/indian-economycapitalist-vs-socialist\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian Economy:Capitalist vs Socialist - 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