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