K Srinivas Createspace

Structure of Indian Economy K Srinivas Createspace

The socio-economic environment of any country can be explained in terms of an institutional framework and a physical framework are the economic policy statements of the government, economic plan documents, the political constitution, economic regulations and controls, among others which define the role and status business, etc. the critical elements which constitute the institutional framework of an economic environment. The trends in economic variables such as income, price, output, investment, foreingn trade, labour supply and other factor endowments and the structural relation among these variables constitute the physical framework of an economic environment.