This book is the 2nd part of fundamentals of Agricultural Economics which covers Supply: Stock v/s supply, law of supply, schedule, supply curve, determinants of supply, elasticity of supply; Market structure: meaning and types of market, basic fe...

This book is the 2nd part of fundamentals of Agricultural Economics which covers Supply: Stock v/s supply, law of supply, schedule, supply curve, determinants of supply, elasticity of supply; Market structure: meaning and types of market, basic features of perfectly competitive and imperfect markets; Price determination under perfect competition; Short-run and long-run equilibrium of firm and industry, shut down and break-even points; Distribution theory: meaning, factor market and pricing of factors of production; Concepts of rent, wage, interest and profit; National income: Meaning and importance, circular flow, concepts of national income accounting and approaches to measurement, difficulties in measurement; Population: Importance, Malthusian and Optimum population theories, natural and socioeconomic determinants, current policies and programmes on population control; Money: Barter system of exchange and its problems, evolution, meaning and functions of money, Classification of money, supply, general price index, inflation and deflation; Banking: Role in modern economy, types of banks, functions of commercial and central bank, credit creation policy; Agricultural and public finance: meaning, micro v/s macro finance, need for agricultural finance, public revenue, and public expenditure; Tax: meaning, direct and indirect taxes, agricultural taxation, VAT; Economic systems: Concepts of economy and its functions, important features of capitalistic, socialistic and mixed economies, elements of economic planning.