UPSC Prelims Indian Economy | Basics of Economy | Production, Distribution & Consumption
Автор: The Optionalist | AnthroPoliX
Загружено: 2026-01-20
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Описание:
UPSC Prelims Indian Economy | Basics of Economy Explained | Production, Distribution & Consumption
What you will learn in this lecture
1. Meaning and nature of an economy
2. The three basic economic questions – What, How and For Whom to produce
3. Sectoral structure of Indian production – Agriculture, Industry & Services
4. Distribution through factor payments
5. Wages, rent, interest and profit in real Indian context
6. Circular flow of income explained simply
7. Consumption as the engine of growth
8. Impact of inflation on consumption and welfare
9. India’s economic philosophy
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