Economic Environment

A presentation on

By GAURAV DRALL Roll No.- 05

Economic Environment refers to all those economic factors which have a bearing on the functioning of a business. Business depends on the economic environment for all the needed inputs. It also depends on the economic environment to sell the finished goods.

Economic Environment  Economic

Systems  Economic Planning  Economic Parameters  Economic Policies

Economic System Basic Units of an Economic Systems Household Firm Industry Government

Characteristics Of an Economic System National Entity Institutional Interdependence Scarcity of Resources Need Satisfaction Dynamic

Functions of an Economic System What to Produce How to Produce For whom to Produce Choice between Current need & Future Needs Economic Growth

Types of Economic System Capitalism Socialism Mixed Economy

Economic Planning Economic Planning in India Planning Commission National Development council

Objectives: Increase in National Income Full Employment Reduction In Inequalities of Income & wealth Social Justice Other Objectives

Failures of Economic Planning In India  Problem

of Poverty  Unemployment Problem  Economic Inequalities  Black Money

Economic Parameters

Gross Domestic Product Per Capita Income Population & Economic Development

Economic Policies

1.) Industrial Policy 2.) Monetary Or Credit Policy 3.) Fiscal Policy 4.) Foreign Trade Policy