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    21 views67 pages

    Economy of Pakistan

    Uploaded by

    Waleed Gujjar

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 67
    a EleoneMyY AND Economies LECTURE-4 DEFINATIONS: WHAT IS AN Economy. Wiikten teers ecaneny (Came from Greek wad Lov ome Who manages or house ), \ * " . 4 “ ECO 12 Anived Lowe amcrent Greek, "oikos” uthtch mean » ” 5 Z \ heuse - Hence the word “oikonomla’ meaning — “The Manage mesh “ond adminictiahen. of a house held, Few DEFINATIONs oF W ECoNeMy: } Aw eCene is the Doras Sa of Vode —Aelted preductilean, Consumaptnen and exdhange of activities ells coted. he prs dwddow, Comsunn fener oma Aiste botkn oe NM awd Sauteed are used a tirese Diing ond, epnaiand uate tee Raho Whack \s alg. a 0S A as a Maple which, “the on Uceury o- 24 he clone - 3 Aw economy La a Sakae" 7a mg alg ig Tris usvatly Ayjded WE dood i Services, Coils od ey ‘pp, Cryst ts © aa Hy Rwecenainnl 1S tke Stoke Bok ph ae . ou OM ww telg oe WOKE amd Comsat “a reo omd Ha. mu fo Tate w oe ca oo a asyaralle tasessecet What i$ Economies: 1 Etaponied ts oo sccul Sclence Cowcermed uttk-te production, Aishbaon , and Consumption GFP oA Seances. TT Studded ows dN duals buslnesss gevenmenks ard nations smoke chaices ahs Aa te AMa co noSour Coys Econemics 15 the hows Soddy uses ds Vandited Poseurces. Bis ne Mees — material pesesrcos 1 i at ein win bed St {5 the Stic of ors Pumas woke ducston in gee of Sconct Thee Combe imdividuals dlecsions , Fowl AawsterY, busines derstand or Socackal dedstans. Ecousmi cs focses ish ried for factors ny wich 2 Dowd, Labor owed) exten , These arota cf stcak pee et achy i srod Comnch, he: Still oe iffrrence Between Economics oud Eto Basicant ,eConemmics be the, OM Clanamy , re, sh Stuvctare, Condition, ares 1 Per Prmanee T3sued8, Aamredtleg ete, 0 i Owtke ether Rar om cel Daicaveg a. haspion a porteular area et Cou Aistbsten, Con: te owe: Lie Ome Seryi ces ond Say sper >} goods lo ue Sticly Economics: We Stady econamied because it abs. bye re Moo Lar Gaeers tat Aoquire rwrmerrcal, amabsytical i enn Gobving Skatls_ For exawhlle - Ta Bustnece - (Lanning, Makatng, foseaich omc Man ivente The. silt of af Cconemnee Val he » de unde wwe rare rand then. OF be Lets understand Jeeple businesses rrorlests amd ouch Governneests, pada Ht peller fesbond An the threat wwe oppure € Men “WQS te Ska oO erarent spies a oe a shady Economies? T wank ts Sods Econontco becanseS Ucn tS ree \heosNen, to. prorks. Ano becanse dso werdd odie Pace ke Xi Cova (ina ie i atic = Cais coy). Why Stody Economics ? Lt Ecenomles, Sametines Asherred te oS the Yureen af Socal Sdemce, is att abst chatce amd ott ieoreall decdsilon— seo ; Broad w Seabe,“ expialns howd beable pucinesses Arvermmeils , ome even fries, rage yi bad Citable ou Kens anole decision uty Owited heen ces, Bey Aa atthe. heat of many sodol ‘prebhens avg Wo es une, testy tla ee Seas Anion, , OL amd hadal imeqpaliit MAL. oe aa ae Byres SASKong te these breblens Aaqyoive a Rigorous pees W |eConamics, p is 3 “Te Sticy sf eceranaish deyclebs o.wide hove oma nt By Catieal thaws ce ahide OA. sp oe, vase Cohect otpestanits : What 18 On Economic ACUI: An Economic ae 1S an oo of Providivg, meade, Rien ole ScObiva ed Cownoctitned a Services by peeplle ts Satish tia day ts oe of Bfe. We Com adit 4 iat involve ver BL ex! Yodurchs ot Selyiceb ore) Catled ecoKowic acti rres . alla, , ee What 1S Str Elonewmy: Whew teeth haph hota, ae Grau Ke Comamicaosth), “That meauc awre x{pam Sion iA RlAMawad eat pa Truitt, then, Dead te Qi ovenog & “wae ame, higher catch eal gh capt “Was shales a a) eer Three Ages ap Etanarsics: LEcTuRE -2 1, Classical 2, Neo tanned aye 3, Meden Age N ’ L Clase Daan Swath wad ann (Bt Contre Seatish, economist, Vilssehher, Oy Gukaeia ye ena aa” “Re ottin of Yodan Etononics” We\s mast famoos Jouluis eck. tah “a shod wm 1776. Beck name was,!! Use in Yd Paden Smits ceonamics i tha lence. of wealtit ~TRis Daealeg Adow Swit Stood, 1776 ~— 184 0,004 AMS Po om Ly sree osticall a 2, _Neo Ches Mon sulleaos syete “eons SK, ms Th 840 Nie ; wrate a Book © Reinet oi Econowics — This eck, he ng dened tah "Ecamam' cs wlfnve ae Sdence of hea On. sold Aewlene: fet “MGe tp gens uy Ts es peated wor Call we Clessieal wns — 1934, S of Lyoned Kebbin ‘ee waigks Tia 1482 Pref LO SVoml oe Feshom Nw EBsoy Ove HE Netithe owadh {8 ? “BD... Significance of Covtel oeite Rep. Rebbin tated a give eee ide Shope, apo Gran cama ‘yell Date wate of Rablins..n Etancnad isthe Selewce uahuel Sradies Vruwcane dehavicr og a fale neha) ekween ends amd Scarce meanS whch howe. olla walle USS, ; TTWtis bated is Russie af Medein age Ff toners S Hdawn Senate (1723-790) A\fred Marshal C4842 — 1424) 3 MiicedFancak Cie 7~ (828) 4, Tolom Maynard Kegues (pes 14 4 5 Reb. Lionel Rebbw Gate-laet) £ Wilhou Friedman Cra. 2286) anaes Cws-\48) ie ica OO) a Elivar notiow (933-212) Dv Om Mo q 4969 » J o> e 972) — Lecere-3 Economie SYSTEM Types of Etonomze System; Whot \s the Economic system § Aw eComomic SUsten hb tie Waetlce 4 ded boarthe soachy ts Produce oma Son: \owhe AS od Services iri wbbssng faders owl S4ath wa TRS Shalem ss alse kuovin ab ual System « 2 More Ty pes Etonomic $ becruee = dhere are mci ystems Reval whe Wotdd. Ref Wad of *eConomics Sesh preg Dictator Stip — ie i eLonamic dncslons are taken Some eens bel ne be am indivi dinal, oxo stp Ghitabst Economy oy Copitallsn.: Moder Romomieh We ony, weston eed | Ovo ae toadoy “te banner of. Ghitabisnn. uy Sowe oP-tg most brferkewt ab eck a Cop falist- Sytem are privet pyep ee Cortyel of tafe of dred den, Accum Copitel onal Competitions . a purest OL. e matket. malate as a wifes ce a Viddudes Sere egies gavrswent s Concho Werkdg an Twee Qi sez EATGE - Shit omceconswrd P Leach of * Gone = work oe aesss janet wlewention ance WA Loissesy Foie ‘\s det Skea Ses Te clone ha oenkeat Sauceds Covmurasin — Communit Etonanny ; Tg lowe EConamic Systane: ~ Ferexomple, Caines onl i Dab hucners 6 prehabiteh 4 1 L-4 OL Communi hav. Cava om equal Maaes aidkertariam Skat walich dow Saale Htberties a ett te ia ws Sucheting as private prepestf# Privale bucinesc. Connnmwismn \ Awelik Anvase of Coptralion, Communit econsyn ert btu mode $ econcwid Sastene Which Us ated oe Totamni e Vabires CQuiairomel Sunol) Reo ae Neen vA Rehnrencer , Teen accepts Meskets Abt bade ea mechan! sr af tim economic sytene. Tslonieteachus tie - ver Fetfeck Gmpettien adlews Condi ae abil eae i js yeaucon Sell ta qe a awiu acceptalile price. Tshante e Comes Systeu A [OMe carkictted or wmamoged Copitabisen. Cant SiN keep Qouar, adevities tak ore Comsidetad mew Telamie » wake - W Tellomic econo © Felamic economic Sytem By won mckerat bose. We 7, oo mkt forts eusnet Ship h-tte private property, Grd, ne “eid o oon ny geakdam, Privat W Lectinve 5 Vat Was The Greak Depression : idle Rceaynnnnie devsy Aw ae beman wa A938 amd Qasted wads obs (929 - » Mttough ae by asked vn the Some yawn Get Deen os ate daclings e Syae wmenbhLoywe omd acs daltatre wa alma every, caus athe ey 7 “The Best Ashrstion rod TH tus ecamomic Jousrlbien vm SL it i rdusiialied waild, Br began afer rea Stoke crsthy of ecaloeh_\Q2Rq WON Set wo Shreck Wit Sra ce 4 ond ws Aped avi wmaltthous of Wu vethers. Bee of Producers: a ae t feo es ond Service me ‘el ae ee eComowie "away produdhon medudes > Laud, Le! od elven. Sod eae Resountes Ri ce REACTION oF ee STATE ECoNomMy (SeseaL ter ECoNomMyY GMMUNZST EtoNoMy. MSREWN AS PlauneD EuNony) Kard Masx (\ai8-1993) Karl Marx wed @ Geman Phi desblior cond economic, Te 1848, Roal Marx amd Wis fetlevs Crewman thinker Friedrich Evgels publish "The Communist Mani facto” We Wtre duced hal Canc Secralliem axa es Asset of tia ConfOtets in herewde ba the Christ MA Marcctreany Sale) “mak-tte vabie of bretuced pl wee a by Rae add dace coverage mann of ieWee haga oar _ Disffomute im Between poem — aa Say +d abled Qe Socialism; Socials may be ea oi ee aces ona D6) . i cee 5, tee Vote wash iveles ens sais i poe Seek ww morencontal Auduchew ws Wa ea Vaaly } De Com Ain ‘than business ce bh that whesty te Some extent. pps ‘ 4 Lremetig 5 Economy OF PAKxSTTAN “Covomic System mw Pakistan : Ata Severch experiments Ww Economic Acstindaning , Pakistonn Covert Ren ctes a mixed ecomernic System TaN Sloss of ree MAKE a ANI ano ovtunweak or (oa wihich Sata owned ented accouk (on. ee of teas demaiic reartek Grr)), | pe OF PAKISTAN {CS abpicially te Tahevie Qpsblic at Ralcisony ine fata Bris tia wroald's {hath mest Poe GersIny , vast a pepulation excending 2252 millions hosts wnll's secanad — Largest Mclloapulaban. . TAtcistan Vette aad — coy i Oran, aclu SHyumre Wlowediied. EDP (Crees Mweshicbyodod): 278-2 brant Exc oss Dowedlic Re doch: 278-2 foiion oe Coad) ape pate: a) Gnatal era) : iL Per Copita: ele oe — 8-7 Cr2\9) ? Tho, + (2UR-7TO USt : Oe Tecane: 1084 Bullion PPP UmC>=9), : 7 Aevelcbivg Ceol Foci ec oat te gm snadudl ¢ River. pies vol: 2525) laa (ere 222) 200i) 228 (RP! 22H) 19; 0-47 (18/2) Rrewinod ao vad 3) vy m oe on vo 8 CFY %24) Buvk i= » i Lec toee-4 Bosic. Chanatleristics of (aiektan's Economy: LGemral Rvesty and Lous living Stamdanc. Fevers Commat he Aercubed , it Com only be Lite. Tha Met =f tha Doss cevelloh ed Courts, Lp) anefaciw the male Problem of general os well ab absolute pover Had AM; standard of Diving, Most oft. perple. vn dbelibing ebons ors Wl fed, red Routed, WL Clettced auc il. Literate. Tn Pakistan almost 30%, population. L iy bela poet 2. Barden of Sattesnah and Exteunol Debits: Under deyelofed Courtires (UBC) we Joons amd, Gears aacolving vations. Lita Pasta, reaBt afta Couatrced =f tix wall are clcbending ee Sneigr edenanie Hams: Av amewetre? fereimr DMone U imcreating ab te Poor foros or pobibicl eae “focdont an Gprdamce of fetes eas, 2 2. Lowber Cabita. wome + i Due t= Leos yadteonelimceme am Wage population fom hole, par Copa macome (PCL) As develcpivg Commtrieg, Like (avisston, 8 ver} Jew. 4. over on Agueslfire, 0. ie bo% a 1 dvi mw ve coon Villages, a ‘ Tune KARR or oceuipation Ave fepodatton. ie ; Tee oe due he RA amd odstrancd aed of, Corkivalbon, mr -sffictess 4 Sorwers, Wk. of reds facbixes, Uwerganraed agucalline wake] eXe. hround, 68%, Wyeth deloon dd ow agprosllture sede Wn So GOP around 227 while mm advanced nations ie Is ee eam SY. Bromblead wnore than 467% of Raha Force while Bs fat th nee de wlatkoy |S ddvedty OX Reta. $7 Ww devalebed coumies- Ss. Bockword Indo) Sedror: | Reason 4 Tanga io en Wendt ete necon We ahexect AB es oA\_ Tere Covereiron L AcSeryes o_ ——- fag ived Aagenves). =5 Cential) amke Come ‘ator po chest a cel Seeatked \ecued Lyte Qevel nmenk ts ftedy Vie coe Cemrad Laks a bur ae ‘bard AS a het WAN obblol nebe Wsnee ts inchoate Te eating ond eT Sebply « Wa Ake! we __Exbausionarty Ne. Coatvadtionony Mewdlery Falieg: Debendiwe ow de ablednyed, ; menea dches, Com beabesinwl aA Corkiracional a __ ExhomSiot ee Ws iga Loree ‘age olwots “thease eT Sr we wn oan Mee pares , en ae ee Cenbyol oe tee Ning te Ratenye wivements Cer Bowls Aw expansionary Pebke “f Dasas wwnembhegenl foieAicusss Madang 1 ohig aah ab ~ Pharwuaceutioals — Savino - Paper Beads u Lente gerd chamicels Cox.pate/vogs he vile Twpartomce of Tuductrial, Sect: Sudvanicl)) Se Kor \s of acrX wipe Seochamce. fo ecoremic Ff clevelfsmne at fe Courhny. “brig hickerrcol Cock wat Coats salty Say dusetriol Sethe nave Sherer) wore econo Hf i Sous andi deyelobmert, Judas ‘al Sears have Sw \nuprovement” w wakouoll meme ond brewated Diving E Sandad be cpalal show buadustaal Sector fi orecdes tee expert otis feos uulrich, Are swore es in San x0 Day Cer Stonn oe pases ‘tre 2X] ks, acon ome Sateen feral. eee Jove ces ooo ewmblermev eee wy Seale Ww. 68 Sianatiial) setter Lote Second, Individual Sethe of te Netae ta accourth' “ents te GPP. ay ecomes 1 ay Takata Le vet Druled ts tha Cheer wdustiial Selpedine ike (cane wes Pa anne aged enmoust 68 Gots Gcthag iia ee ce . ef rwachinery oh ' at Veaciaeel wate ‘eal src Teh bt a eng conse Soll ts. Tad ec ae anc, fallow oer dey elipmnenh became prenihea fac aioe a. eS RAE ES a ‘pest oe aes ways aen Rn Tey atin are att devant Dien Excise Daly —Cuthon Diol Canercte TAX olor a my ta eve es deb emclence ow. taltire ' ak “petal oma ens § la j 4, We as bas a oe © te exportr wetertel) Ss i 4 a Sete “é ae With develbel ce Sedorwe Cunsts Petete y Subshttade ot waparted goods bitwe cme, ena te etter Counliie, “hes deberdence on ater Coanhyiecs ond AML oy belance rade and, balance of cl) Gn ca aaa Oud wea be ablets Seve Gre ol Juanaitialngtion pr alae a a Trceates pate ae Sel cr attitade bi stich Ae weet oo Aas westzuial wadusdieg tebbhe exbardlttce Scale oP se tt aed Lobo. perc ee i hos oe of eee develbme esto oie Dae ee ats rove TAs medeanwardd i of Tudusthioll Gackoardnesc: The Gases of amduigtrcol back war dmess iar Pabst Ore Vahied =f Comber. Wo Gavannrert & Pista since. 4a] 1s Byrd te levels tw oo and A Setter, te . ey clesinedd es q Vast over thyee che cadets The wa } have Slowed and hakoarded tre ¥ Z . shel wel cheat ies Qekcishow are ab Canons’: 4, Coudrnver Sieh Sadudbinad davelspreest Sm ateges 2, Lack a Copitel 3B, Narroosnets 4, Poor ‘ jaductivad Lobewr ,Cuidnalved, unsti 5, Lad of 2 astiuchire frei Dibies. 6 Lach of technical Pyreio hows: 7, Promctel S Bie ockiove, g, Ey te Cavite moatcol aah 45 Rigo ie age cubtinal produdtow. \o, barge gape fet Techus Lagical pesgnss- \1, Reduchione sxe the date of pebubahion qiasth. \%, Trcrecdem aie owes nvertmeds . ? 13, Provision aepeute 1y, Lesser pyedture on Laie 15 Development of mar ksls 16, Trorsode wa Ud By yornnrent hever ue q Lak oe 19) ae ge gue 14, Low produckv, : Be ae a predud 7 , Pr . ; (We We a! \ a ue eee a crak meek a 4 qj Faced by Tadudlaioh Sect. Org ; 2 Econswmic Tssueds— Eng Crisia — Huge BowkL Spread Gish Suesest Ra) - dg b, Sociol Tesueds- Merginabined KeNe fh Wowen over pebulatinw. a Ratittee! Taxus: rarism, Blanedipdicd. F, Mnministiatuie Torney Poor belawatee

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