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Washington Consensus & Sectors of economy (in Hindi)
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Chapter 1 part-D

Aartee Mishra is teaching live on Unacademy Plus

Aartee Mishra
Delhi University Topper Post Graduation in History YouTube & Telegram Channel - Rank secure. Successfully Taught 40 GS Batches/ Motivator

U
Unacademy user
ma'am aapki help se hum free coaching kar paa rahe hai thank you ma'am
Priyanka Aggarwal
7 months ago
Always welcome 😊👍 dear
mam plz provide crash course of sociology for optional
thanks fro lectures mam
Mam ab india kon c economy khlati hai agrain jaindustrial
Aartee Mishra
10 months ago
Mixed economy
Mam Liberalization ka meaning samajh nhi aya . Kindly help me to understand by explaining it in comment box.
Geeta Kc
3 months ago
उदारीकरण एक नई आर्थिक नीति है जिसके द्वारा देश में ऐसा आर्थिक वातावरण व स्थापित करने के प्रयास किया जाते हैं जिससे देश के व्यवसाय व उद्योग स्वतंत्र रूप से विकसित हो सकें। उदारीकरण का मतलब होता है व्यवसाय तथा उद्योग पर लगे प्रतिबन्धों को कम करना जिससे व्यवसायी तथा उद्यमियों को कार्य करने में किसी प्रकार की बधाओं का समाना न करना पड़े। उदारीकरण व्यापारिक दुनिया में क्रांतिकारी बदलाव किया है और सभी देशों के लिए अत्यधिक अवसर प्रदान किए हैं। उदारीकरण नई औद्योगिक नीति का परिणाम है जो "लाइसेंस प्रणाली" को समाप्त कर देता है। तो इस तरह से हम कह सकते है कि सरकार द्वारा व्यापार नीति को उदार बनाना जो देशों के बीच वस्तुओं और सेवाओं के प्रवाह पर टैरिफ, सब्सिडी और अन्य प्रतिबंधों को हटा रहा है, उदारीकरण के नाम से जाना जाता है।
I salute your erudition thank you so much for providing quality teaching.
  1. Daily Lecture Series Ramesh Singh's A brief Summary of Indian-Economy Overview Hindi unacadeny By Aartee Mishra


  2. l am Aartee Mishra Graduated from Delhi University, Topper in all my semesters, Pursuing P.G and preparing for CSE. You can findall my courses at https:/unacademy.com/userIranianmishra2011 Also by Downloading the Unacademy Learning app from the Google Playstore


  3. ROLE OF THE STATE IN AN ECONOMY As a regulator of the economic system (where the RIVATE SECTOR state takes important economic decisions, announces the required kind of economic policies, takes the sole responsibility to get them implemented, and controlling and punishing those who don't oblige to those economic decisions) As a producer and/or supplier of 'private goods and services' PUBLI ECTOA As a producer and/or supplier of public goods, or social goods, (these include goods and services which look essential from the perspective of social justice and well- being for the people. Education, healthcare, sanitation, drinking water, nutrition, caring for the differently abled and old, etc., come under this category


  4. WASHINGTON CONSENSUS The term Washington Consensus' was coined by the US economist John Williamson7 (in 1989) under which he had suggested a set of policy reforms which most of the official in Washington (i.e., International Monetary Fund and World Bank) thought would be good for the crisis-driven Latin American countries of the time. The policy reforms included ten propositions: Fiscal discipline A redirection of public expenditure priorities toward fields offering both high economic returns and the potential to improve income distribution, such as primary health care, primary education, and infrastructure Tax reform (to lower marginal rates and broaden the tax base) Interest rate liberalization A competitive exchange rate Liberalisation of FDI inflows Privatisation Trade liberalization Deregulation (in the sense of abolishing barriers to entry and exit) V Secure property rights


  5. SECTORS OF AN ECONOMY Every economy tries to maximise the returns of economic activities in which it is involved. Whatever be the organising principles of an economy, the economic activities are broadly classified into three broad categories, which are known as the three sectors of the economy Primary Sector: This sector includes all those economic activities where there is the direct use of natural resources as agriculture, forestry, fishing, fuels, metals, minerals, etc. In some of the economies, mining activities are considered as part of the secondary sector Secondary Sector This sector is rightly called the manufacturing sector, which uses the produce of the primary sector as its raw materials Tertiary Sector This sector includes all economic activities where different 'services' are produced such as education, banking, insurance, transportation, tourism, etc. This sector is also known as the services sector Quaternary sector of the economy is a way to describe a knowledge-based part of the economy, which typically includes services such as information technology, information generation and -sharing, media and research and development, as well as knowledge-based services like consultation, education, financial planning, blogging, and designing


  6. TYPES OF ECONOMY Depending upon the shares of the particular sectors in the total production of an economy and the ratio of the dependent population on them for their livelihood, economies are categorised as: Agrarian Economy An economy is called agrarian if its share of the primary sector is 50 per cent or more in the total output (the GDP) of the economy. At the time of Independence, India was such an economy Industrial Economy If the secondary sector contributes 50 per cent or more to the total produce value of an economy, it is an industrial economy Service Economy An economy where 50 per cent or more of the economy value comes fom the tertiany sector ls known as the service


  7. Comprehensive course of Art and Culture with Brief Indian History for Prelims & Mains Comprehensively cover 24 detailed lessons covering all the Course Starting essential topics related to Indian Art and Culture with Brief Indian History relevant to UPSC Civil Services Prelims and Mains Examination ron 18th June 11am-12pm on . Indian Architecture, Sculpture and Pottery . Indian Paintings, Music, Dance, Temples, Festivals UNESCO's List of Tangible & Intangible cultural Heritage in India . Languages, Literature and Religions in India nacademy . Science and Technology through the Ages .Bhakti and Sufi Movement Plus . At the end of the program adept and able to solve the exam based test papers


  8. Meet you in lesson 1 Part D Do remember to download the Unacademy Learning Appfrom the Google Playstore Do Subscribe to Unacademy's Youtube Channel Wi