Understanding Economics - II

This chapter aids us in the study of the development storey. It highlights the country's need for health and educational growth. It explains the difference between national and per capita income. It also identifies the various development objectives.

This chapter describes the sectors of the Indian economy. It discusses the historical change in sectors and the division of sectors in detail. It also explains with a brief account of employment in different sectors of the economy.

This chapter talks about money and credit. It introduces the concept of money as an economic concept. It discusses the role of money in an economy and formal and informal financial institutions and specifies the different forms of credit.

This chapter introduces us to globalisation and the Indian economy. It discusses the production, foreign trade, and the interaction of markets. The importance and impact of globalisation on the Indian economy and employment are highlighted.

This chapter talks about consumer rights. It makes us aware of our rights and duties as a consumer and familiarises us with legal measures. It also highlights consumer protection, consumer movements, and consumer forums.