Economic Growth: Economic growth may be distinguished from economic development. Economic growth may be defined as the increase in production or consumption by...
Masters
It is commonly said that the economic development started after the year 1800. In this respect Angus Maddison who was an economic historical analysed the world...
There are a large number of definitions given by different economists. These are as follows: Prof. W. Elkan says, “Economic development means a process...
As we have already told that the economic development is neither traditional neo- classical economics, nor it is political economy it is just a body of...
The study of economic development is one of the newest, most dashing and most attracting branches of the broader disciplines of economics and political economy...
The Traditional Economics deals basically with the efficient, least cost allocation of scarce productive resources and with the optimal growth of these...
In the World’s Development Report of 1995, it was said that more than three-fourth of population lives in poor and less developed countries but they get...
Reasons or Need for Studying Development Economics or Scope of Development Economics Here we shall concentrate upon that what is the need behind studying...
In the 17th century there emerged Industrial Revolution in Europe accompanied by a wider use of machines rather manpower; there was a chain of discoveries and...
We now pass from statics or comparative statics to dynamic analysis. In static analysis, for example, we discuss how equilibrium price is determined when the...
Requisites/Strategy of Economic Planning: It has been universally accepted that economic planning is essential for accelerating economic development in...
Public Sector Economics / Public Finance (Paper – 6.2) M.A. Economics Part-II This course aims at introducing students to the theoretical and...
Importance/Need/Role/Justification/Rationale of Economic Planning: In the under-developed countries of the world, there is a strong and powerful conviction...
Concept of Economic Planning: There was no concept of economic planning before the Twentieth century all around the world. The idea of economic planning goes...
Meaning of Technology: By technology, we mean “the body of scientific and technical knowledge which is used to improve production process”. In other...
Prerequisites mean those pre-conditions and factors which should be available for economic growth and development. After a deep study of economic growth and...
How to Overcome of Low Per Acre Yield/ Solution to Agriculture Sector Problems Per acre yields in LDCs is very low as compare to developed countries in the...
The remedial measures mean removing the obstacles or barriers to economic development. Removing these barriers is a difficult task for economic planners. The...
Anything that adversely affects the process of economic development may be considered a barrier or obstacle. It is an analysis that these obstacles are...
Basically, there are two main divisions of statistics called theoretical statistics and applied statistics. Theoretical Statistics: Theoretical statistics...