Upload
mahi1994
View
26
Download
1
Tags:
Embed Size (px)
Citation preview
17/04/2023
Techno India NJR Institute of Technology
Charateristics Of Indian Economy
Submitted to :Miss. Tanu Verma
Submitted by:Mahendra SinghII Year,ECE
1. Origin of Economics
Our activities to generate income are termed as economicactivities, which are responsible for the origin anddevelopment of Economics as a subject.Originated as a Science of Statecraft. Emergence ofPolitical Economy.
Economy is concerned with the production, consumption, distribution and investment of goods and services.
3.Present Indian Economy
• In the present global, liberal and knowledge based environment, the understanding of economic issues has become quite indispensable for all sections in the society. Everyone wants to get rich, increase their wealth holdings, hold over productive resources and expand their business activities. So, people want to earn more and more profits
4.MAIN CHARACTERISTICS OF WEALTH DEFINITION
• (i) Exaggerated Emphasis on Wealth :
• (ii) Inquiry into the Creation of Wealth :
• (iii) A Study on the Nature of Wealth :
17/04/2023
CURRENT SECNARIORadio Spectrum is congested but the demand for wireless data double each year and everything it seems to use the wireless data but the capacity is going up
1.5 million base stations 5 billion mobile phones
5.MAIN CHARACTERISTICS OF MATERIAL WELFARE DEFINITION
• (i) Study of Material Requisites of well being
• (ii) Concentrates on the Ordinary Business of Life
• (iii) A Stress on the Role of Man
6.MAIN CHARACTERISTICS OF SCARCITY AND CHOICE DEFINITION
• Unlimited Want
• Limited Means
• Alternative Use of Resource
• Ecomomising Resource
7.MAIN CHARACTERISTICS OF DEVELOPMENT AND GROWTH DEFINITION
• (i) Growth-orientation
• (ii) Dynamic Allocation of Consumption
• (iii)Distribution of Consumption
• (iv) Improvement of Resource Allocation
SCOPE OF ECONOMICS • We can list some of the major branches of economics as under
• (i) Micro Economics• (ii) Macro Economics• (iii) International Economics• (iv) Public Finance• (v) Development Economics• (vi) Health Economics• (vii) Environmental Economics• (viii) Urban and Rural Economics
CENTRAL PROBLEMS OF AN ECONOMY The problem of scarcity of resources which arises before
an individual consumer also arises collectively before an economy. On account of this problem and economy has to choose between the following:
• (i) What technique should be adopted for production?
• (ii) Which goods should be produced and in how much quantity?
• (iii) For whom goods should be produced?
Refrence• 1. Lionel Robbins,:Nature and Significance of Economics, 1932• 2. Alfred Marshall:Principles of Economics, 8th edition• 3. Kalyanjit Roy Choudhary:Modern Micro Economics