ATYPICAL CLOSED AND MANAGED ECONOMIC SYSTEM: THE NEED OF THE HOUR

Various types of economic systems are being followed in every country through out the world. But every economic system that is being followed suffers from its own demerits and limitations and exploits the human being in some form or other. This technical paper analyses the so called various types of economic systems with respect to their own merits and demerits. Not only that. It also proposes atypical closed and managed economic system that can be implemented at National level or at level of group of countries or at International level. This paper also highlights the demerits of such a proposed system and also suggests the remedial measures for the same.