Author(s): Dr. Ram Krishna Mandal, Dr. Chokio Taku

Abstract: The four main factors of production are Land Labour Capital and Organisation Economists study how a society distributes scarce resources such as land labour raw materials and machinery to produce highest possible production say goods and services at lowest possible cost They search issues such as energy cost inflation interest rates exchange rates business cycle taxes or employment levels Objective The study has tried to explore the evolution of Economics and its job opportunities in context of present situation Materials Evolution of Economics can be divided into two parts a in India and b in the World In context of India the beginning of economics in India can be traced back to the ancient period but the formal study and development of economics as a distinct discipline began during the colonial era Economics has a fascinating and centurieslong history that hasevolved from a simple array of ideas about trade and wealth to a complex discipline with its own subdisciplines theories and methodologies in the world A history of Economics isa string interconnected event Results And Discussions Economics has a finance ministry either at the state or federal level but there isnt a subjectbased ministry There are many job options in a variety of areas and companies after earning an MA in Economics Graduates in economics can work in a variety of positions and are prized for their excellent analytical mathematical and problemsolving abilities Conclusion A masters degree in economics opens up a wide range of employment opportunities in both the public and private sectors Graduates can work as consultants policy advisers researchers analysts or even entrepreneurs The degrees adaptability enables graduates to customize their professions according to their preferences.

Keywords: Received: 10 Apr 2025; Received in revised form: 07 May 2025; Accepted: 11 May 2025; Available online: 16 May 2025

Article Info: Received: 10 Apr 2025; Received in revised form: 07 May 2025; Accepted: 11 May 2025; Available online: 16 May 2025

DOI: 10.22161/ijels.103.22