by Prabhat Ranjan Sarkar
A developed economy should consist of four parts--people's economy, psycho-economy, commercial economy and general economy. This quadro-division of economy is a vast expansion on the con temporary and co-contemporary conceptions of economic activity. Most economists today understand only a little of the principles of general economy and something of commercial economy, but both of these parts are still in an undeveloped state. People's economy and psycho-economy are totally unknown to modern econo mists, and as such could find no place in the present mode of economic thinking. A brief outline of the parts of the economy is given below.
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