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General Principles of Economics - I

General Principles of Economics - I

  • ₹390.00

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  • Author(s): Dr. T. Padma, K.P.C. Rao
  • Brand: ALT Publications
  • Edition: 1 Ed Rp 2017
  • Approx. Pages 432 + Contents
  • Format Paperback
  • Approx. Product Size 21 x 14 cms
  • Delivery Time Normally 7-9 working days
  • Shipping Charge Extra (see Shopping Cart)

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Description
'Economics' is the social science of satisfying unlimited wants with scarce resources. It is concerned with the satisfaction of human wants and related to production, consumption and distribution of resources in the economy among individuals and groups. Economics, these days touches every one, whether he is an employee, a businessman, a tailor, an advocate, a labourer, a banker or a house-wife. Our activities to generate income are termed as economic activities, which are responsiable for the origin and development of economics as subject. Economics was originally introduced as a science of statecraft. It was concerned with the collection of revenue for the State i.e., government. Advisors to the government were also required to point out the best possible way of spending the revenue. Economic writings date from earlier Mesopotamian, Greek, Roman, Indian, Chinese and Arab civilizations. Notable writers from antiquity through to the 14th century include Aristotle, Xenophon, Chanakya (also known as Kautilya).
The growth of trade, industry and commerce after industrial revolution in the eighteenth century required that the functions of the state should be specified. Wealth was identified as the source and means to satisfy our various wants, so wealth was emphasised. Adam Smith, generally known as the father of Economics defined Economics as 'science of wealth'. Political economy emerged as the result of the efforts to define functions of the state.
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Contents
Chapter I
1 : Economics as a Science and its relevance to Law
2 : Economics as a basis of Social Welfare and Social Justice
3 : Free Enterprise
4 : Planned Economies and Mixed Economies
Self-Assessment Questions
Chapter II  General Principles of Economics
1 : Demand and Supply
2 : Business Organisations
3 : Labour and Wages
4 : Capital and Money
5 : Savings
6 : Consumption
7 : Investment
Self-Assessment Questions
Chapter III  Markets
1 : Determination of Prices
2 : International comparisons of development strategies and experiences
3 : Theories of economic growth and problems of development
Self-Assessment Questions
Chapter IV
1 : Control of Monopolies and Prevention of economic concentration
2 : Monopolies
3 : Monopolistic Competition
4 : Oligopoly
Self-Assessment Questions
Chapter V  Banking and Fiscal Policy
1 : Resource mobilization and fiscal resources
2 : Taxation
3 : The Role of Credit and Banking system 
4 : Rural Money Markets
5 : International Financial Institutions
6 : Technology and Economic Growth
Self-Assessment Questions
Important Questions
University Question Papers

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Author Details
Dr. T. Padma, M.A. (Economics), M.A. (Lit.), M.A. (J & Mc),M.Sc. (Psychology), MBA, PGDCL, PGADR, PGDHR, LLM., Ph.D (Law)
K.P.C. Rao, B.Sc., LLB., FCS, FCMA, FIPA (Australia), CMA (USA)
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