#Unit6
No state today is completely com,no state is completely capit. The various national economic systems tend towards com or cap,and many are difficult to classify exactly.It has 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 longterm planning.Such coutries as India have had a number of plans guided by the government.India makes a ditinction beween the public sector and private sector,are neither communistic,nor cap,but are sometimes called mixed economy.In the public sector of British economuc life are the nationalizedindustries like coal and steel,British Rail and BOAC.In the private sector are majority of nations industries,both large and small.The private sector includes giant companies like ICI and BP abd great number of small family bussines.