Comparative Economic Systems

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Comparative Economic Systems

Student Name:Zmarai
Registration Number:304-0911010
Program:Bachelor of Business Administration-Finance
Thesis topic:Comparative Economic Systems
Submission Date:
Signature

Thesis Supervisor Approval:
Name:Innamullah Khan
Designation:Lecturer/Thesis Supervisor
Signature:

Department Approval:

Head of Department:Murtaza Massoud Niazi
Signature:

Abstract
This research is done based on the secondary data. The major source of information for the research work has been internet. Further information has been extracted from text books, magazines and journals. The research topic is belonging to the field of Macroeconomics and is a broad issue for discussion. This research will identify the major arguments and definitions on each of the economic systems and will finally conclude what system is more advantageous. The research will also discuss sub-systems and combinations in the economic systems and will compare the pros and cons of deferent economic systems.

Acknowledgement
I feel proud in expressing my deepest sense of gratitude to the Kardan University where I learned a lot and received a lot of kindness and professional behavior from all the lecturers and the academic members. I am thankful to the leadership of Kardan University and the head of faculty of management sciences who really supported the students throughout the course. Special thanks goes to Sir Innamullah Khan, my supervisor for Thesis project and one of the very professional senior lecturers of Kardan University; His scholastic, consistent advice, encouraging behavior, valuable suggestion, personal interest and dynamic supervision enabled me to complete the present project. This research work was hard to be accomplished without his cooperation.

I am extremely thankful to my parents whose help and good wishes made this project a success. Last of all no acknowledgement could ever express my obligations to my loving family, because my success is really the fruit of their devoted prayers and unlimited support and motivation. I can never compensate their unlimited love and kindness.

TABLE OF CONTENTS

CHAPTER 1: INTRODUCTION…………………………………………………………….………………1 CHAPTER 2: LITERATURE REVIEW………………………………………….….………………………2
2.1 Capitalism……………………………………….. …….………………………………………..3
2.2 Socialism…………………………………………………………………..………………………4
2.3 Mixed Economy……………………………………………….……………………………….6 CHAPTER 3: METHODOLOGY……………………………………………………………………………7 CHAPTER 4: DISCUSSION…………………………………………………………………………………8 CHAPTER 5: CONCLUSION…………………………………………………………….…………………9 CHAPTER 6: REFERENCES……………………………………………………………………………….10

CHAPTER 1
INTRODUCTION
Comparative Economic Systems
Comparative economic systems analysis is a research field which started from comparative war potential analysis after the end of the World War II.

In the postwar period, state intervention and mixed economies have prevailed in the capitalist world. In the socialist regimes, market mechanisms were introduced into the central planning, and decentralized types of socialist economies emerged. Comparative economic systems analysis has become consolidated as a discipline which compares the deferent economic systems, using and integrating theoretical, institutional, and empirical analyses. However, since socialist economies collapsed in the U.S.S.R and Eastern Europe, a new research agenda has been added to this area: theoretical and empirical analysis of transition economies. Also, the advanced capitalist economies have witnessed different trajectories of development, reflecting diversified institutional evolution of corporate governance and employer-employee relationships. Although the socialist regimes have all collapsed, it remains to be seen in which direction the capitalist regimes, and the economies in transition, will develop.

Given this situation, the research section on comparative economic systems seeks to analyze difference between...
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