Growth v/s Development And Theories of Economic Growth l History Economics

on

                            Growth v/s Development, theories of economic growth
till 1960 the terms economic growth and economic development were used inter chain  as they work considered of each other new economic growth is distinguished from economic development according to professor Rustam" economic growth as a religion between rate of increase in capital and the working force on the one hand and increase in population on the other such that capita output is rising"

 Growth v/s Development  is according to Mrs robinson Prince do workers spend their entire income on consumption expenditure is equal to total wages income. similarly friend is equal to saving and savings according to model are equal to total profit since all profit are invested. increase in total capital stock in a given period is equal capital X profit profit rate depend upon the relationship between the income mines payment and capital output ratio.

the rate of profit is the ratio of total income total wages to amount of capital it is formula given by Mrs John growth model. 

                       


                          Theories Of Economic Growth  And Growth v/s Development.

in measure of economic development of underdevelopment countries do not define economic growth and development in any specific term different economics have use the term economic growth to convey different meaning some have defined economic growth in term of increase in argued output of real good and services while other have considered it in term of rise in per capita product

                                                    

                                                    Development Economic Growth . 
national income index - economic growth take place if real national income increased over time there are various reason for using national income as an indicator of economic development as given under
1.      the index help us to on the performance of the economy growth 
2.     rise in national income of a country reveals and absolute size of the economy country powerful internal and external
3.     the national income reveals the components like conjunction goods and investment goods and their trends .


the model given by horror really point out that comparative of capital accomplished by an adequate increase of income would lead to overproduction unemployment and depression in the economy .







                                 basic determinants of economic growth
                                                                     and
                                                      Growth v/s Development  

1.      natural resources of the country water forest and mineral resources
2.      the geographical position of the country . its climate. rivers. mountains Natural Habitat extra
3.     the size and quality of the production- the size and efficiently of the labour force, the health, and diligence of the people, the source of discipline, character And The Spirit Of The people etc.
4.     the number of efficiency and component of the news
5.     religious attitude due to economic growth
6.     strong incorrupt and efficient system of government
7.     favourable external circumstances loading favorable term of trade and inflow of capital extra

final words for Growth v/s Development  And Theories of Economic Growth. - it is not necessary that all the factors describe a box should be present in sufficient strength to induce economic growth of a country in the ultimate analysis the three fundamental factors including economic growth are labour , capital and Technology any country processes these three factors are ample of growth. the Western countries have made up of their definition of labour responses by there supplies of capital and highly developed Technology



                                                                 ALL QUESTIONS

Q. growth vs
  Qsearch
google
devlopment
vs devlopment
Q.growth vs devlopment
development
economic

Q. difference between
what is
for growth
between growth
between economic


Q.growth and development
economic growth and
for growth vs
between growth and
between economic growth
economic growth vs
 







                                                                                                                              THEIR ANSWERS ARE PROVIDED IN THE BLOG 
I HOPE YOU WILL LIKE IT 





Comments

Post a Comment