Unemployment and concentration

of economic power.
INTRODUCTION

 Every 6th person in the world is an Indian and

every 3rd poor person in the world is also an
Indian .
 With increase in the number of unemployed
person , poverty expands .
 Till 5th Five Year Plan no serious efforts were
taken to solve the unemployment problem .
CONTINUING

 But after the five year plan ,removal of

unemployment became as one of the important
objectives of economic planning in all five year
plan.
 In less developed countries economic growth
generally benefits the elite groups and as a result
economic inequality grow .
 India is facing the same problem of inequalities.
 MEANING OF UNEMPLOYMENT

 A person who is not gainful employed in any

productive activity is called as unemployed and
collectively it is called as unemployment .
CONCENTRATION OF ECONOMIC POWER

 Economic power can be measured through GNP

(Gross National Production). Can also be
measured through GDP (Gross Domestic
Production).
 Economic power can also be divided into
different categories-
 MONOPOLY is one which is big in the sense that it
can influence the market price of its product .
 DOMINAT UNDERTAKING was that , which controlled at
least one fourth production or market of a product and
had assets of at least Rs.3crore.

 RESTRICTIVE TRADE PRACTICE means a trade practice

which has , or may have , the effect of preventing ,
distorting or restricting competition in any manner.

 MONOPOLISTIC TRADE PRACTICE is a trade practice

which has , or is likely to have , the effect of maintain
price at reasonable level or limiting technical
development or capital, investment .
 UNFAIR TRADE PRACTICE includes -
 Publication of any advertisement for sale at bargain price
 Enticement by gift or contest , or
 Supply of sub-standard goods , or
 Hoarding or destruction of goods or refusal to sell goods or
services .