WE, THE PEOPLE OF INDIA, having solemnly resolved to constitute India into a SOVEREIGN SOCIALIST SECULAR DEMOCRATIC REPUBLIC and to secure to all its citizensJUSTICE, social, economic and political;LIBERTY of thought, expression, belief, faith and worship;EQUALITY of status and of opportunity;and to promote among them all FRATERNITYassuring the dignity of the individual and the unity andContinue Reading

There are three main types of economic systems in the world on the basis of distribution of goods and planning. Free Market Economy (Capitalist Economy) – Example : USA Planned Economy (Socialist Economy) – Example : Cuba, Soviet Union Mixed Economy (Features of both free market and planned economy) –Continue Reading