Question

Compare the Keynesian model to the Classical model

Answer 1

Keynesian model	Classical model
keynesian model follows the theory of spending and aggregrate demand on market places	Classical model follows the concept of laissez faire economic market
In this model it prefers that there should be both private and prublic organizations in the market	In this model it prefers a little to no government intervention in the market
In this model both government and individuals should work for mutual interests	In this model only individuals should work on their interest
Prices are determined by the National monetary policy	Prices are determined by Value theory of economics