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 Cthe 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 NheHow +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 Sep13. 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