Posts

Showing posts with the label economics note

+2 Economics Note Download | Plus Two First Year Economics Note Download PDF | CHSE Plus Two Arts Note

Image
  Factors affecting India's economic system before independence? Priority: India is a populous country so in the economic field there are several factors which influence the economic system of the country which are discussed below. 1. Impact of agriculture sector As India is an agricultural major country the economic system of the country also depends on it Therefore, the agricultural sector needs to be developed. But since independence it did not develop, its condition was very obvious. Which directly affected the Indian economic system. 2. Industrial sector As there was no development in the industrial sector, the condition of the workers employed here was very miserable. Which affected the economic system of the country. Things were not produced in any new way. 3. Population growth Population growth also slowed down Indian economic development. Because of the increase in population and their standard of living, it also affected them. 4. Low per capita income The income of each