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11th Class Chapter No 16 - Comparative Study of Indian and Chinese Economies in Economics for ISC

India and Pakistan became two independent countries of South Asia in 1947 whereas People’s Republic of China was formed in 1949. All the three countries initiated the five year plan pattern almost at the same time.

The economic system that prevailed in China was the communist system. The Government undertook large scale investment in physical and human capital for industrialisation. The Great Leap Forward (GLF) movement was initiated in China in 1958 to industrialise the country on massive scale and within a short period. For this people were encouraged to establish industries in their backyards.

Posted in 11th on July 24 2020 at 08:12 AM

ISC 11th CLASS Economics OTHER CHAPTERS

  • 11th-class economics Chapter 23

    Various concepts of economics and statistics are expressed in terms of numbers like, demand,...
  • 11th-class economics Chapter 22

    An index number is a statistical device for measuring changes in the magnitude of a group of...
  • 11th-class economics Chapter 21

    CorrelationCorrelation measures the relationship between two variables so that changes in the...
  • 11th-class economics Chapter 20

    Range and QuartileThe extent to which the numerical data in any distribution differs from each...
  • 11th-class economics Chapter 19

    Arithmetic MeanAn average or central value is a single value that represents all the items in...
  • 11th-class economics Chapter 18

    Data is a collection of facts and measurement.Data is a tool which helps in reaching a sound...
  • 11th-class economics Chapter 17

    Statistics is a mathematical science pertaining to the collection, analysis, interpretation or...
  • 11th-class Economics Chapter 15

    When we are using a four-type typology, we say that the types of unemployment are structural,...
  • 11th-class Economics Chapter 14

    Sources of Human Capital Human capital refers to the stock of health, knowledge,...
  • 11th-class Economics Chapter 13

    Agricultural Marketing refers to the mechanism through which agricultural produce reach to the...

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