1. Adam smith

2. Indian Economy(1950-1990)

3. Types Of Economic Systems:

4. Capitalist economy

5. Socialist Economy:

6. China an example of a modern socialist country.

7. Mixed Economy

8. Three important decisions taken by a economy: 1.What to produce? 2.How to produce? 3.For whom to produce?

9. Goals of FIVE year plan:

10. 1.GROWTH GROWTH = GROWTH IN GDP

11. 2. MODERNISATION

12. 3. SELF RELIANCE “It means relying on one self.”

13. 4. EQUITY WITHOUT EQUITY SELF RELIANCE,GROWTH, BECOME MEANINGLESS...

14. AGRICULTURE

15. 1.LAND REFORMS

16. 2.GREEN REVOLUTION

17. SUBSIDIES Q.1.SUBSIDIES FOR WHAT? Q.2 IS IT GOOD FOR ECONOMY LIKE INDIA? Q.3 DO THEYBENEFITPOOR?

20. TARIFFS