Socially Desirable Income Distribution Criterion

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Socially Desirable Income Distribution Criterion Another important investment criterion is the socially desirable income distribution. It means that in vestment should be so planned as to achieve equitable distribution of benefits. This criterion may be regarded very important because economic development in under-developed countries tends to accentuate disparities of income and wealth district  union in the country. Such dis-incs cause grocer discontent and great threat to political Employment […]

Employment Absorption Criterion

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Employment Absorption Criterion It is well-known that in the under-developed but over-populated countries, labor supply is cheap. There is large-scale unemployment or under-employment especially in the agricultural sector in the form of disguised unemployment. Hence, it is suggested such techniques should be adopted as are labor-intensive. We have discussed above the pros and cons of labor-intensive capital-intern. ice techniques. We discuss it here […]

Local Community Assets

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Local Community Assets Among the other criteria for choosing between techniques of production in an under-developed economy, we may discuss (II) The Rate-of-Turnover Criterion, (h) The Surplus Rate Criterion, (c) Employment Absorption Criterion and (d) The Time Series Criterion  Rate of Turnover Criterion be chosen on the basis of the rate of turnover, i.e., the ratio of output to capital. We have already […]

Balance of Payments Criterion

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Balance of Payments Criterion Incumbent should also satisfy what we may call the lance payments criterion. Alternative types of instinct cant expenditures will have different effects  country’s export capacity and import requirement.One inconstant project may be more export-creating the n another and one project may he more import-requiring than another. Knowing that under-developed countries arc particularly prone to balance of payments difficulties. […]

Conclusion

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Conclusion On the basis of the foregoing discussion, it will be appreciated that no cut-and-dried formula type criteria for investment can be laid down. Instead, a whole host of considerations will have to be borne in mind. Nor can the above criteria be ignored when deciding upon the pattern of investment. For the rest, the best we can do is 10 […]

Capital output Ratio Criterion

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Capital output Ratio Criterion An investment criterion that has often been advocated by various economists is that of capitalization ratio. That is. in choosing among investment projects and in determining priorities. capital output ratios of different investment projects be compared. Those investment projects (or their technical forms) should be selected that minimize the capital- output ratio. If capital-output ratio of investment is […]

Estimation or the Social Product

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Estimation or the Social Product Here we repeat that, in the under-developed countries, there is likely to be considerable divergence between the private and social product, especially in the case of building up the necessary infrastructure or the social and economic overheads. This divergence is due ultimately to external economics which in practical life are not easy to define and calculate. An […]

INVESTMENT CRITERIA AND CHOICE OF TECHNIQUES

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INVESTMENT CRITERIA AND CHOICE OF TECHNIQUES Since the indigestible resources in the low-income countries arc very much limited in face of growing and urgent needs for them, the problem of choosing be tween alternative employment of these resources assumes great importance. Given the total investment and its distribution over different sectors and given the alternative technical and localisation possibilities, the […]