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No state today is completely communistic; no state is completely capitalistic.
The various national economic systems tend towards communism or capitalism, and many are difficult to classify exactly.
It has been found necessary in many countries to control or regulate national economic conditions. Even the most dedicated free enterprise systems, such as the USA, have felt this need.
The under-developed countries of the world are usually interested in control and long-term planning. Such countries as India have had a number of plans guided by the government.
India makes a distinction between the public sector of the economy on the one hand and the private sector on the other hand.
Such systems, with public and private sectors, are neither com-munistic nor capitalistic, but are sometimes called mixed economies.
Britain today has a mixed economy. In the public sector of British economic life are the nationalized industries like coal and steel, British Rail and BOAC1. In the private sector are the majority of the nation's industries, both large and small. The private sector includes giant companies like ICP and BP and a great number of small family businesses. In 1962 the British government set up an official body to plan national economic policies. This body is called the National Economic Development Council.
The members of this council are representatives of the employers, the employees and other interested people.
BOAC: British Overseas Airways Corporation ICI: Imperial Chemical Industries BP: British Petroleum
Exercises
1. Answers these questions, basing your answers on the text.
1) Are there any completely communistic states?
2) Are there any completely capitalistic states?
3) Do the various national economies tend towards one or other ideology?
4) Are the various economic systems difficult to classify?
5) Have most countries found economic control necessary?
6) Has the US felt the same need?
7) Are the under-developed countries interested in control and planning?
8) Has India had a number of national economic plans?
9) Is the Indian economy based entirely on private enterprise?
10) Does the Indian economy have two distinct sectors?
11) Is the Indian system a mixed economy?
12) Is BOAC a nationalized British industry?
13) Is ICI a nationalized British industry?
14) Was the NEDC set up by the British government?
15) Are both employers and employees represented on the NEDC?

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How many apples are there in the fridge?

Not many

How much milk is there in the fridge?

Not much

How many biscuits are there in the box?

Not many

How many eggs are there in the fridge?

Not many

How much sugar is there in the pot?

Not much

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