Question

Explain the main economic ideas of kautilya

Answer 1

Economic Idea # 1. Wealth: The concept of wealth as held by Kautilya was very wide in its scope. To him, wealth included money, commodity, the acquired wealth, public or private property, precious metals, the accumulated wealth, negotiable and transferability and the power of appropriation.

Answer 2

To Kautilya, the state was to promote the economic welfare of the people and fully regulate its economic life. The state had to give subsidies for the development of trade; agriculture/ irrigation, mines, cattle welfare etc.

Economic Functions of State: Kautilya's concept of state is founded on Industrial edifice.

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