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Chapter 2 Part 1 Indian Economy (1950 1990) Central problems of an economy -What to produce? -How to produce? -For whom to produce? Capitalistic economy Meaning and its features Capitalistic economy-Merits and Demerits Socialist economy Meaning and its features Socialist economy-Merits and Demerits Video by Edupedia World(www.edupediaworld.com), Online Education. Click on (https://www.youtube.com/channel/UC6E97LDJTFJgzWU7G3CHILw/featured) for more Videos. All Rights Reserved.