ABSTRACT

pakistan, in contrast to our previous examples, is a large and important economy. It has a population of about 100 million, most of whom live at a standard near the bottom of the scale, even for underdeveloped countries. Average per-capita income is around $83. The economy is predominantly agricultural, with about 70 per cent of labour employed in cultivation and approximately 55 per cent of gross national product generated in agriculture. A great deal of the output of the farms is consumed directly by the producers and their families and is never sold in any market.