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Page 44
... Nurkse suggests a different solution to in- creasing the size of the market . He recognises the vicious circle of poverty and the complementary relationship among the industries . Growth of an industry causes the incomes and expenditure ...
... Nurkse suggests a different solution to in- creasing the size of the market . He recognises the vicious circle of poverty and the complementary relationship among the industries . Growth of an industry causes the incomes and expenditure ...
Page 45
... Nurkse . SELECT READINGS 1. Young , A : Increasing Returns and Economic Progress , Economic Journal , 1928 . 2. Nurkse , R .: Problems of Capital Formation in Under - developed Countries . 3. Myrdal , G. : Economic Theory and Under ...
... Nurkse . SELECT READINGS 1. Young , A : Increasing Returns and Economic Progress , Economic Journal , 1928 . 2. Nurkse , R .: Problems of Capital Formation in Under - developed Countries . 3. Myrdal , G. : Economic Theory and Under ...
Page 46
... Nurkse suggests with a strong conviction that this wastage can be avoided and labour can be utilised for the formation of capital which the under - developed countries lack . Professor Nurkse spells out the implication of the phenomenon ...
... Nurkse suggests with a strong conviction that this wastage can be avoided and labour can be utilised for the formation of capital which the under - developed countries lack . Professor Nurkse spells out the implication of the phenomenon ...
Contents
developed country? Point out in this connection the difference between physical | 5 |
The techniques of planning in a democracy are not just readily | 14 |
in the economy Discuss in the light of the Indian experience Bombay 1962 | 21 |
Copyright | |
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abundance achieve advanced economies affluent society agricultural productivity backward areas backward countries backward economies balanced growth betterment levy capital formation capital-output ratio capitalist commodities concept consumers consumption cost create crores depends developing economy distribution economic development economic growth employment entrepreneurs expenditure exports fact factors of production favour fiscal measures Gandhian economic gold growth of population hence important increase India industrialisation industries Keynesian labour laissez faire land means of production ment mixed economy mobilise monetary national income nationalisation Nurkse organisation output planned economy POINTS TO REMEMBER possible private enterprise private sector problem productive capacity profit public sector public utilities rate of growth rate of savings rise Road to Serfdom savings and investment scarcity of capital scheme second plan SELECT READINGS social supply surplus taxation techniques of production third plan tion under-developed countries under-developed economies utilised welfare workers