Economic Growth: Economic growth may be distinguished from economic development. Economic growth may be defined as the increase in production or consumption by...
Tag - Development Economics
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...
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...
In recent literature economically less developed or underdeveloped countries are politely known as “developing countries” as contrasted with the...
Development Economics: Theory and Policy (Paper-3) M.A. Economics Part-II This is a course about the understanding of the economies popularly known as...