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Economics - Nishi Ma'am

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Page.

Module - 1
(
Econornic Developmeht
The pAhloms ot the Econamic develoPmth
(3)

undeveloped counties
undexdevelnped contxies have untxploxited
matutal. AeSouTes, Scacity oF capitalL
#ocdsE equipmentsdbsolute.n Technlque oF
Producon defects n socio Econ omic
b0ganisaion.
co AlComtoytohìch s (ronic not the

) absolute methods ot PoDducion


Gocial DOganisaton which means that
Nthe povety À Mot elue te poot
matwta tebouHtes Hencei could be
preGumoble deos en bs Mithads deady
pHOVe c u 0thet tountden.
Causes OF undexdevelopedcaumtaies it

pex Capitq N(oMe Cmass PoVeAty)


(a) capitel defitencs
c) unuilized Potental
Date.
Page.

Cu) undexuilised Manpower &natuxa Aesouotes


C5) poos bqse n the Socio Eonomic
detexminets o oP Developement
CO oRHhod ox, inmeiient&Taditicnal
Techniques OF production
()po0% human development ndex (PHDI)

Econormico: #towthiN qu QuanHtative


aConcepti, EconómicDevelbpment q
qualitatve concept.
SE.Digefecto toThe spoblem oE
undex deteloped.nicounles eEi.
HefeS to the problems O developed
Counitsey
E may be idePined a"a a
expadcion
th·tEG Can. moveiam
bt uneeyundevélopediieountyii neat
Levels shott
peiodG CompataHrely
a
"DEHmenhc
Page.

Detesminents Of iEconpmi qroth


ThÁ te: OF Capital
oaMulation', sizable
pootom of NAHOngt Thoe mu5t be
GaVedfornthenproduchi o OF eapltal
gobds.The proless ofEonofmfe qrooth
5:
Saler toi5 Sayex
mfolloongaHe3acivitBes oF the
capital JFoamulaHon apaxtilFxom sauings.
Ant In(sease Enthe
nthe Volurme Df
of deal
GavingsJ ResouTes wOuld have been ssed
Savinga
Aofor -consumpionPooess anay not releqse
Fos the puspose Capital FoamulaHon.
d BA. Hnance - c£edit mechnismThe
avilabe gesouaces moulised may be
Cwalediab palvateri nvesteto &
goveYniment capltal fbrMulat on
O The Act OF hven trnetitselE
30 thcet the
prpducinof Ciapitalig9ods.
Capitak outuut Hetin
A The capital outpE gatio detexminen
The Hatei At which outputgqws
qivenvolugm
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tapltal Inventmant aaotalArst

fnvt ofZ3yesut in the


wPthz1 t.
onmanyuctoste
-ensde pends mmahy
oTechnolegicaldevelcmeut
2

Cepiteal Intt
e4cieny
qqupenent The Qudity b
onquntsaiM SKll IhtPatten
Gnd ogUmtsaHn
N i t l2atan oiÉConomle OVetheade.

3 The ate oF fopulato


owlth of
oliving standaxdatet of Caplta) otma
Loncequent ate of
ot mtput mnt be Geen n elaHon to
theTdteE POPulaion q 3 t h t fs me
YHhedefoTeneessAuyto ynsute that he
Tatei Df CapitalFoamulaBm R enaga
itoyleld Hhe hiqh peY icupltu

ThecdifeBenca in thei:QAwth Hatt o


dawelsped uad- duetoped tnuateten
utses
pliticeul fuctoà The Qualty of
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poliataloidealagy 0F thel! qoyt Pctaalasty


Kelatm tothe papblems oF develep
ment.

2)Social ncututal afactors : Eelch i societËe


has Cetan cocial
Tnuttutim1 which have a heuing
Rx cant Toim Fmilyt nm- metiliste
Attutde

Eonomic development a 3-e24


Ed is no tongex considered Iaentcalway
EonomËc qHÔuth. t is taken to be
gAOMth+ pesgHess0ve ehangen i e
meas which detemines the wellbeing t ha
Gpesple. Thin aO Quaitutivedymantam n
thdeélpemeiut AlENS.i

deuelepmut
Auempleyeuaeit n- k-uali ties
fncieane Rn
GNP CGDP) tctes vasin ttosm 5 to +
Seven pexeeut TO ethey will
Such
Lat thet the
pkoducHont andl iernelayeinu
bth
lityofanattm:
oskn dealaappmach
tht that appnach
mentucd Yulti dymenchal
js i uni is + 3
rath mic Fmo develgp EConamic
afthet than Canep} Concepfhat
q o
eLAASMAL jududu b9ieso sd. poi pattitulay
velopmut uetall
developmnt 92athiho
hEcánonic between ente ditél
tectitykeeta
fntrease
uteistuxi tes ViantohsHaai
theil
6
Page.

6
6) ls generally Seen Pt &gneHally seen în
developed trmamy develaping etmmy
hlome indueial
derelopevment etc

tia
> 1s Composed ef
of qoods & Geruilen
pMaduled fat 9dle n the maHket
wìthin the nattons beden.
Hhe vaue
deled bs
finialhd
talntuy's'gdidn

intTeasfuq
hauetnvzatie
mansie capital ctside tde caunty
but hi
aud t pa
The eaAaWj Has duueleped
wslbe
cmmpaed ta

4 sheethy wcee ase witis the sheuf


cnust be ceecpetel
defue
în
per
hle
GoNDmist
Date.Page.
p: GustainIncYeas
thaha
go
(Ihlme
lation
many
Ih(ome
Capita
Cupite
pëyi Quordingy
tte

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