NCERT- Economics- Central problem of Indian Economy
Size: 16.54 MB
Language: en
Added: Nov 26, 2022
Slides: 18 pages
Slide Content
Central Problem of Indian Economy
Indian Economy The system of making money and producing and distributing goods and services within a country or region.
W hat is Central Problem of economy? T he way society choose to use its limited resources , which have alternative uses , to produce goods and services and distribute them among different groups. T he compulsion of making choices before societies is refered to as ‘central problem’.
35000 20000 2000 2000 5000 66000
W hat to Produce W hat good to produce? H ow to Produce F or Whom to Produce The Economic Problem
W hat to Produce 01
Problem Is to produce Consumer and Capital good or Civil and War good. What quantity of consumer and capital goods or civil and war goods to be produced H ow much to Produce W hat commodity to Produce
H ow to Produce 02
Labour Intensive Technique Capital Intensive Technique