1. Adam Smith - Lessaiz Faire “Let do”
2. Karl Marx - Socialism utopian
3. J. M. Keynes - Macroeconomics - General theory of wage & employment
4. Amartya Sen - Capability development approach.
Measurements of Growth and Development
1. GDP - Value of goods & services in on financial year.
2. GDP at Factor cost. Market Price,
GDP (FC) = GDP (MP) - (Taxes – Subsidies) at factor cost.