Economy Notes

Development economics is a branch of economics that focuses on the economic, social, and political factors that contribute to the overall improvement

Socialist and communist economics represent two distinct economic ideologies, each with its approach to ownership, distribution of resources

Keynesian Economics, named after the economist John Maynard Keynes, is an economic theory that builds on liberal economic principles

Liberal and neoliberal economics are two related but distinct economic philosophies that have had a significant impact on economic policy and theory

Macroeconomics, microeconomics, and mesoeconomics are essential branches of economics that focus on different levels of economic analysis

Inclusive growth means economic growth that creates employment opportunities and helps in reducing poverty.

The structure of the Indian economy is a multifaceted tapestry that reflects the diverse and dynamic nature of the nation.

the planning in India began on March 15, 1950, with the establishment of the Planning Commission, and the plan era began on April 1, 1951, with the launch of the First Five-Year Plan (1951-56).

The national income of a country means the total of incomes earned by the citizens of that country during a given period, over a year.

“Economics is the study of how people and society choose to employ scarce resources that could have alternative uses to produce various commodities that satisfy their wants and to distribute them for consumption among various persons and groups in society.”