The book is now turned sixty plus. It has withstood the test of time through constant revisions, additions and upgradation. The changes which were brought in the revisions, additions and upgrade

The monetary revolution in the world is, changing the direction of the world economies. Everybody is interested in knowing it, may it be financial system or the related markets. New chapters in some what detail have been discussed, to cater the needs of faculty members, students, community, whether from research, competitive examination, post graduate or graduate level, it is very useful and enlightening. The new chapters included are as follows:

Chapter 55: Financial system and financial reforms.

Chapter 56: Money market, capital market, stock exchange and SEBI.

A sub-chapter is included in international monetary fund that is WTO. Some of the notable additions and revisions over the last edition are as follows:

• Promotional elasticity of demand

• Division of labor as means of exploitation (Marx)

• Chamberlain's alternative approach New strategy in monopolistic competition

• Rigid prices (Oligopoly market)

• Two sector model and the concept of measurement of national income

Keeping in pace with the phenomenet development of information technology in the world and in an attempt to catch the imagination of our readers, the book has been presented in Multicolour containing illustrations both pictorial and graphical, which is relevant to the discussions contained in the text. This is a step forward to help the readers in understanding the subject matter in a lucid manner and make the reading smooth and interesting.