This book is a comprehensive & authentic book on ‘Principles of Economics’.

The Present Publication authored by Prem J. Bhutani, is the 4^th Edition, with the following noteworthy features:

• The subject-matter is presented in a simple, systematic method along with comprehensive explanation of the concept and theories underlying principles of economics. The book tries to present the subject-matter in paras and sub-paras with distinct numbers to save time & energy.
• [Student-Oriented Book] This book has been developed, keeping in mind the following factors:

o   Interaction of the author/teacher with his/her students in the class-room

o   Shaped by the author/teachers experience of teaching the subject-matter at different levels

o   Reaction and responses of students have also been incorporated at different places in the book

• [Illustrations & Graphics] supplement, all the theoretical discussions
•   [Detailed Topic-wise Index] for quick reference
•   Structure of this book is as follows:

o   [Chapter Review] & [Key Terms] in capsule format for quick revision

o   [Self-examination exercises] to test your understanding and grasp of topics

o   [Questions asked in various examinations] have been incorporated along with hints

• The contents of the book are as follows:

o   Definition, Natures and Scope of Economics

o   Law of Demand and Elasticity of Demand

o   Theory of Consumer’s Behaviour

o   Demand Forecasting

o   Supply Analysis

o   Production – Analysis

o   Cost Analysis

o   Markets

o   Economic Growth and Economic Development

o   National Income

o   Economic Growth and Population

o   Agriculture

o   Industry

• Introduction
• Industrial Policy of India
• Small Scale and Medium Scale Industries
• Public Sector Enterprises in India
• Industrial Sickness

o   Fiscal Policy

o   Money & Banking

• Inflation
• Monetary Policy
• Banking
• India’s Foreign Trade
• India and the World Economy
• World Trade Organisation
• Role of Important World Organisations