Macroeconomic System: Problems and Functions

We have economic systems or economics because we are confronted with the economic problems. All economies irrespective of characteristics or qualities are fashioned, moulded and maintained because these problems exist. To understand the economic problems is to know the purpose and functions of economic systems. Macroeconomics is the branch of economics which deals with problem of employment of resources and thus with the determination of national income. The present book is an endeavour to bring before the readers all aspects of macroeconomics with emphasis on economic systems, economic problems and economic functions. The book describes capitalist, socialist and mixed economy; macroeconomic problems, planning, organisation and value of money; production, distribution, marketing, cost, demand and supply functions; balanced growth, mass production, institutions, deficit financing and foreign capital, inter alia, numerous other topics. In addition, the book makes an interesting discussion on taxation in macro economics. Though intended to meet the requirements of students and teachers of higher studies, the book is of immense use to economists and general readers also.