Economy Crash Course Class 2

Economic system prevalent in countries in today’s world-

Economy Crash Course Class 2

Economic system prevalent in countries in today’s world-

Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2

● The world economies started to believe that Marx was

right.
● Slowly Socialist parties were winning elections in
Europe and the US that were earlier dominated by
market models.
In such a scenario a British economist John Maynard
Keynes (1883–1946) came to the defence of the Market
model.
Economy Crash Course Class 2

John Maynard Keynes

● Founder of Keynesian economics
● Book-The General Theory of Employment, Interest, and Money(1936)
Economy Crash Course Class 2

John Maynard Keynes

● Founder of Keynesian economics
● Book-The General Theory of Employment, Interest, and Money(1936)
Economy Crash Course Class 2

John Maynard Keynes

● Founder of Keynesian economics
● Book-The General Theory of Employment, Interest, and Money(1936)
Economy Crash Course Class 2

John Maynard Keynes

Capitalists forgot that workers are their customers too.

Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2

Difference between Gross and Net

Economy Crash Course Class 2

Difference between Gross and Net

Economy Crash Course Class 2

Difference between Gross and Net

Economy Crash Course Class 2

Difference between Gross and Net

Economy Crash Course Class 2

Difference between Gross and Net

Economy Crash Course Class 2

Difference between Gross and Net

Economy Crash Course Class 2

Difference between Gross and Net

Economy Crash Course Class 2

Difference between Gross and Net

Economy Crash Course Class 2

Net Factor Income From Abroad

Economy Crash Course Class 2

Difference between Gross and Net

Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2
Economy Crash Course Class 2