Question

Principles of Gandhian Economics

04 Aug 2023
Answer :
Word Count : 453

Gandhian Economics, often referred to as "Economic Trusteeship," is a socio-economic philosophy inspired by Mahatma Gandhi's principles of non-violence, self-reliance, and the welfare of all. It offers an alternative approach to traditional economic theories, emphasizing human well-being, equitable distribution, and sustainable development. Here's a concise explanation of the key principles of Gandhian Economics:

  1. Sarvodaya (Welfare of All): Gandhian Economics places the welfare of all individuals at the center of economic activities. It seeks to uplift the poorest and most marginalized sections of society, ensuring that economic development benefits everyone, rather than a select few.

  2. Sarvodaya through Swadeshi: Swadeshi, or self-reliance, is a cornerstone of Gandhian Economics. It advocates for ____ ___ __________ _______ _____ ________ __________ _______ ____ ____.
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