ECONOMICS – CIVIL ENGINEERING

ASSISTANT ENGINEER & ASSISTANT EXECUTIVE ENGINEER

HANDWRITTEN NOTES

ACE ACADEMY TRAINING NOTES

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Economics AE AEE Ace Academy Handwritten Notes PDF – Brief Introduction

Topics Covered in this book :

1. Poverty, development and planning, unemployment
2. National Income
3. Inflation
4. Banking sector, budget, taxes
5. Agricultural and Industrial Sector
6. World Trade organization
7. International trade
8. World bank, international monitory fund (IMF)

Poverty : 

1. According to Rangarajan committee, highest poverty state in India is Chattisgarh (47% of the population is below poverty line)
2. Large poverty country existing in the world is India (36 Crores people) and as per percentage it is South Sudan (88%)

• Problem of poverty exist in developing as well as developed countries is more severe in developing nations such South Sudan as well as India
• Although America is rich nation, still possess 1% of poverty. According to world bank, in terms of percentage, 88% of people identified under poverty in South Sudan. Their majority of people are unable to spend 1 Dollar per day.
• According to National Sample Survey organization the bottom 10% of people from rural India are unable to spend 15 Rupees per day.
• However 12th five year plan (2012-2017) of India has targeted to reduce 10% of poverty to 29.5% of total poverty.

Economics AE AEE Civil Engineering Handwritten Notes PDF

In Economics availability of commodities are classified into three types :

1. Needs – Food, Clothes and Shelter : Accordingly, whoever are unable to fulfill these three requirements are considered as poor. In India, poverty may be estimated and availability of minimum needs
2. Comfort – Chair, Fan, Telephone, Electricity : In China, whoever are unable to fulfill these comforts are considered as poor
3. Luxuries – Car, AC, Gold Ornaments, Bungalow : In America, whoever are unable to meet these requirements are considered as poor. It implies that for estimation of poverty, measurements are varied from country to country.

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