Page 212 - DECO502_INDIAN_ECONOMIC_POLICY_ENGLISH

Indian Economic Policy

Notes 17.5 Key–Words

1. Delicensing : To deprive of a license.
2. Employment : The state of being unemployed or not having a job; “unemployment is a serious
social evil”; “the rate of unemployment is an indicator of the health of an
economy”.
3. Growth : Development from a lower or simpler to a higher or more complex form;
evolution.
4. Labor market : The market in which workers compete for jobs and employers compete for
workers Market, marketplace, market place - the world of commercial activity
where goods and services are bought and sold; “without competition there
would be no market”; “they were driven from the marketplace”
17.6 Review Questions

1. What is meant by pattern of ownership industries?
2. Write a short note on small scale industries in India.
3. Discuss the industrial sector in post-reform period.

Answers: Self–Assessment
1. (i)(b) (ii)(a) (iii)(b)
(iv)(c) (v)(d) (vi)(d)
17.7 Further Readings

1. Indian Economy; Gaurav Datt and Aswani Mahajan; S. Chand and Company
LTD. Ram Nagar, New Delhi-110055.
2. The Indian Economy; S.K. Ray; Prentic, Hall of India Private Limited
New Delhi - 110001.

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