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Net Economics #Classical Economists and their work# Economic theory

 Net Economics #Classical Economists and their work# Economic theory Pls follow , like and share Classical economics, also known as classical political economy, is a school of economic thought that emerged in the late 18th and early 19th centuries. It laid the foundation for modern economics and was dominant until the late 19th century. Classical economists focused on understanding the mechanisms of economic growth, production, and distribution of goods and services in market economies significant contributions and the years in which they were active: Adam Smith (1723-1790): Major Work: "The Wealth of Nations" (1776) Contributions: Smith is often referred to as the father of economics. In "The Wealth of Nations," he introduced the concept of the invisible hand, arguing that individuals pursuing their own self-interest in a free market economy unintentionally promote the general welfare. He also discussed the division of labor, productivity, and the role of markets i

IMPORTANT QUESTION 12 CBSE ECONOMICS ( INDIAN ECONOMIC DEVELOPMENT

                                      IMPORTANT QUESTION 12 CBSE ECONOMICS ( INDIAN ECONOMIC DEVELOPMENT) For Macroeconomics pls click the link in the end of page. Macroeconomics 1.How does investment in Human Capital contribute growth. 2.What is NABARD .Explain its role in rural credit.Explain any three Insitutional and noninsitutional source of credit 3.What is rural and urban poverty.It is correct to say that poverty has been shifted  from rural to urban. Give reasons for your answer. 4.Write short notes on MGNREGA and PRADHAN MANTRI JHAN DHAN Yojna. 5.Why did India and Pakistan introduce reforms?                                                  6. What was common in the development strategy of India, China and Pakistan during 1950-1990?   .                                          7.When was the Great Proletarian Cultural Revolution introduced in China?          8.Mention feature of China’s economy. 9.What is the important implication of the ‘one child norm’

Indian Economy before Independence Ugc Net,Upsc and other competitive exam

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Indian Economy Indian Economy before Independence Ugc Net   www.iemsnet.com The  Indian economy under the British Raj  describes the  economy of India  during the years of the  British Raj , from 1858 to 1947. GDP  India's GDP during the British Raj grew in absolute terms but declined in relative share to the world. The role and scale of British imperial policy on India's relative decline in global GDP remains a topic of debate among economists . With many  believe the effect of British rule was highly negative. That Britain engaged in a policy of de-industrialisation of India for the benefit of British exports, leaving Indians poorer than before British rule began.And others arguing Britain's impact on India was either broadly neutral or positive and that India's declining share of global GDP was due to other factors such as new industrilastion. India trade In the seventeenth century, India was a relatively urbanised and commerci

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