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Capitalishe Elonomy acs _Prepesed by Adam Smoilh (1776) ea nolo’ “weal, 0 WaHons” erminslor ge ~Weatvessed “Laisset Falve” Cno: Herfevence 9% UR government ) ond Invisible hand 4% marker forces. = 030; (Canada, chile, Germang, UK, Jopan South Kover-, Ranglade rn) Source: Google State Etonom ga = Poposed big Karl Marx cath —MThis ecomomy frst Came UP in erstwhile USSR afta eens Revolukion 1%, and got iis Ideal Bhope in Peoples Republic 4 dinate a 2 -thevgh far marx, Socialism was & tansiki ihe fovmmunisyn ,jk never did happen in abath i & “ey bed ontop Mixed €tovomy) John Mmaynayd Kegnes Book," the General théory mployine: Oscay Lavge suggested e whe, Terhe very avd je ugg) money" 1 cash We Soualitm shontol take he suggested Capitalison should bw sheps dowavels y dake ewaheps towards Souialitm Corpial fm . eis oa Wat means ouial Sectoy Showa He advise a "markeb Souialiba pase bd taken Cave 4 beg ma state “Faminelogy the mixed etonomig emessed th this Way athe wovld by the late 1460s wag having meilkin, &% pure example Copitelishe elonom 7 mor Fw stele Ctonomig a there wl cto condieh Ge Te, LT wit fn We poth second world War afin Coming Onk- j ike Colonial rule 4Zuch a4 India, malay sin Andene he ete, the leadeyship 4 Wete Countvied Cound bE lonsideved Visimavien whith wat fo be proved by Ike mil - 1990 C the ewonomic system India wos a mixed ewnomy- ih Ihe pre-144] ob i+ IS my We post —194) bunk Ine Cornposi 4on YF Healz— marker amix hak gone devo Change the ear Asian mivaue (1993) velo gnises WZ -above Five Bhi of one Kind $ mixecl euomany do onolh Kind I mixed €onomgy hy Ike CSA Se malaysia ek Signe tountvies in Gath ASiay Ik Korea, Tawar Jonpon, Soul Hog kenrg ) Simgeepere, Thad land mabaysian and Indonesia — have betome Known a “Eas Behan _mivale” because ¥, Tee Atavted in 194) ik was 400 nav Ctonomies’ dvask lc ana tris ORC Yess vor and dvamahe growl Bute obligahowg Voluntary’ a v qhe Gate Asian Eronomicr Wed gone fopna dame kivd $ Yeh proces 5 buk by Ineiv Choice + Que tnis shift Could nok take place in Andia- And once tk — Goods and Rawiler are made available in te mavkel and on We basis 3 Inelv demand awd supply ,iKeiv prices ave debeymined jn ihe open Markel = Adan Smillt -“wealth éy Nabe” (1776) — USA, Europe Nakonal Intome - bp + Ine Vale ob whe Me boundary (fy & vey “ups GDP minus Ddeprect Ene nit vi a nae on Haak goods i Ru vien duving: ove eat Romans the decisions velated +o production, Supply avd pris were al) Suggested fo be taken Solely by the Stele only wil no payment done by lonsumer Bq karl marx Ussa, china and eastern Curope = TF is op dwortypes Socialist ‘Economy eemmunist Emory alow gr 2 GPP + Intome from abroad “np 2 @Ne mins depreciation aud Services produc Economics Flow Chavis, three Models o} Secto economic ek . oe “Types 4 _Elonomiea Prima’ TevHay VATION Srdufhy Swi ca capitals State ined jg Seletdar Td "4 eumomy Gionomy agricaliare — Sndwsng — Swin Note: Quaternaly Se chav = Knowle: IE ON) 4 el Capicalist élonnmg Stale €conomy mized Economy java) Nes > mixed —John ma Copitalis -ostay Lange Socialism—> Mixed Led welhin Nhe How +o vead Ramesh Singh Indian Etonorny oral coir — 27 CLask 5 chapteys ave nok necessarg ) 22 chapters ave needed. I-Tntroduction Basics wilkouk Wese chaphers, (Wa remaining 2. Grow, Development and Happiness chaplers will be in vain. In Prelims, Less bivect Questions Bur Indivect Queshems SApw- 3. Evolution °} We Indian Glonomy 4 ; _ rerg Imp. a. etonomic Planning ) iy ch nr eee Anyed eur Reer 5. Planning io Sndin, G. Ewnomic Reforms —> very very Verg Tmp A Inplakion and Business cytle—P very Imp Basics & Agriculture ana C00 management — mains # dep ae Indust vg ands inyrastrucmve —> mains & imP 10. Seavicea Seca’ —o Tmp Basics No pivecr Queshow only Tndived- Queshon4 nk chapley MW. Inoion Finaniat mov kel —o Recent Prmine: 1 Banking io India very Sep 13. Snsmonee io Tediay = Application yak YW. Secuvil Mmavker ‘iy Dcllon —vevg Ionp — Recenl- impoarbomce I. extemal Seda in India, — Recenk imprtamt Ib. Intermatomal Etoromic ovganisakons im India, — Very verg Imp \7. Tar Shutinve im India — Recenk “rend I& Public Finan in India — Verg Verty Verh lwp 19. Sushoinabill® anol clipe, Chanpe — mains W. Preparing Sey 82. Devan grmphic Dividend —~ proint DL Humane Development tn Indian — maxns 22. Ewnoemic lontepl§ and Teyminologrer — Sike thes) Ternd American Depasiteny Reteiph fe) , Gad deb, Balance ay Paynes, Markel Sovialitm, Lassnat Free , Eure-issuey, Pvtpolio investmere, GP, wv P rw P

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