school of management studies unit i indian economy sbaa1203 unit 1 introduction introduction to economic system concept and measures of development and underdevelopment natural resources human development population size growth ...
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...School of management studies unit i indian economy sbaa introduction to economic system concept and measures development underdevelopment natural resources human population size growth rates rural urban migration index composition national income an is a means by which societies or governments organize distribute available services goods across geographic region country systems regulate the factors production including land capital labor physical encompasses many institutions agencies entities decision making processes patterns consumption that comprise structure given community types there are economies around world each has its own distinguishing characteristics although they all share some basic features traditional capitalist socialist mixed based on work follow certain established trends it relies lot people very little division specialization parts still function with commonly found in settings second third nations where activities predominantly farming other generating usually f...