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UNDERDEVELOPMENT &      DEVELOPED ECONOMIES   DEFINATION OF UNDERDEVELOPED ECONOMY   CAUSES OF UNDERDEVELOPMENT   MEANI...
CAUSES OFUNDERDEVELOPMENT ECONOMY                                   Y     ECONOMIC CAUSES                                 ...
DEFINATION OFUNDERDEVELOPMENT ECONOMYBY “M.P. TODARO” UNDERDEVELOPED ECONOMYIS THAT ECONOMY IN WHICH THERE ARE LOWLEVEL OF...
MEANING OF ECONOMIC       DEVELOPMENTIN WORDS OF                                          APPROACHESSALVATORE,”ECONOMIC   ...
CAPITA INCOMES                                  NATIONAL INCOMEPER CAPITA INCOME   =    POPULATION INCOME                 ...
FEATURES OF ECONOMIC          DEVELOPMENT   INCREASE IN REAL        GROWTH OVER LONG    NATIONAL INCOME          PERIOD...
NEED OF ECONOMIC           DEVELOPMENT1.   INCREASE IN NATIONAL INCOME2.   HIGH STANDARD OF LIVING3.   MORE CAPITAL FORMAT...
DETERMINANTS OFECONOMIC     DEVELOPMENT                                        DETERMINANTS                               ...
VICIOUS CIRCLE OF POVERTY   NURKSE SAYS,”A    LOW INCOME                                                     LIMITED     ...
ACCORDING FIRST                         FIVE YEAR PLAN AN                         UNDERDEVELOPMENT                        ...
HERE WE SEE ABOUTECONOMIC CONDITIONS OFCOUNTRY
ECONOMIC CAUSES             1.   MARKET                  IMPERFEC                  TION2.IMMOBILELABOUR                   ...
ECONOMIC GROWTH1.NARROW ECONOMICCONCEPT2.QUANTITATIVE3.CONTINUOUS CHANGES4.RELATED WITH DEVELOPEDNATION
ECONOMICDEVELOPMENT1.BROAD ECONOMICCONCEPT2.QUALITATIVE3.DISCONTINUOSCHANGES
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Diksha

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Diksha

  1. 1. UNDERDEVELOPMENT & DEVELOPED ECONOMIES DEFINATION OF UNDERDEVELOPED ECONOMY CAUSES OF UNDERDEVELOPMENT MEANING OF ECONOMIC DEVELOPMENT FEATURES OF ECONOMIC DEVELOPMENT NEED OF ECONOMICS DEVELOPMENT DETERMINANTS OF ECONOMICS DEVELOPMENT
  2. 2. CAUSES OFUNDERDEVELOPMENT ECONOMY Y ECONOMIC CAUSES YY1. MARKET IMPERFECTION INFLEXIBLE ECONOMY P P PR2. OD VICIOUS CIRCLE OF POVERTY PP P UC3. TI P ON LACK OF CAPITAL FORMATION AC4. PO TU L SS AL IB PR IL NON ECONOMICS CAUSES IT OD Y UC LI NE SOCIALCAUSES TI1. ON LI RELEGIOUS CAUSES NE2.3. POLITICAL CAUSES4. ADMINISTRATIVE CAUSES X M M C C M C
  3. 3. DEFINATION OFUNDERDEVELOPMENT ECONOMYBY “M.P. TODARO” UNDERDEVELOPED ECONOMYIS THAT ECONOMY IN WHICH THERE ARE LOWLEVEL OF LIVING,ABSOLUTE POVERTY,LOW PERCAPITA INCOME,LOW CONSUPTIONLEVELS,POOR HEALTH SERVICE, HIGH DEATHRATES,HIGH BIRTH RATES & DEPENDENCE ONFOREIGN ECONOMIES
  4. 4. MEANING OF ECONOMIC DEVELOPMENTIN WORDS OF APPROACHESSALVATORE,”ECONOMIC REGARDINGEVELOPMENT HAS BEEN ECONOMIC DEVELOPMENTDEFINED AS THE PROCESSWHERE BY A COUNTARY’SREAL AS PER CAPITA INCOME& GROSS NATIONALPRODUCT INCREAS OVER ASUSTAINED PERIOD OF TIMETHROUGH CONTINUOUSINCREASE IN PER CAPITAPRODUCTIVITY”. TRADITIONAL & MORDERN APPROACH VIEW
  5. 5. CAPITA INCOMES NATIONAL INCOMEPER CAPITA INCOME = POPULATION INCOME REAL NATIONAL INCOMEREAL PER CAPITA INCOME = POPULATION SIZE
  6. 6. FEATURES OF ECONOMIC DEVELOPMENT INCREASE IN REAL  GROWTH OVER LONG NATIONAL INCOME PERIOD INCREASE IN REAL  HUMAN PERE CAPITA INCOME DEVELOPMENT REDUCTION IN  REDUCTION IN INCOME POVERTY INEQUALITIES  INSTITUTIONAL STRUCTURAL DEVELOPMENT CHANGES
  7. 7. NEED OF ECONOMIC DEVELOPMENT1. INCREASE IN NATIONAL INCOME2. HIGH STANDARD OF LIVING3. MORE CAPITAL FORMATION4. LESS DEPENDENCE ON AGRICULTURE5. SELF SUFFICIENCY6. FORMATION OF HUMAN CAPITAL
  8. 8. DETERMINANTS OFECONOMIC DEVELOPMENT DETERMINANTS OF ECONOMIC DEVELOPMENT ACCORDING TO DR. R.T.GILL,”DETERMINANTS OFECONOMIC DEVELOPMENTDEPEND UPON THE SIZE,ORGANISATION & NATUREOF PRODUCTIONCAPACITY OF ANECONOMY.” ECONOMIC DETERMINANTS - NON ECONOMIC DETERMINANTS
  9. 9. VICIOUS CIRCLE OF POVERTY NURKSE SAYS,”A LOW INCOME LIMITED PROCESSING COUNTRY IS POOR POWER BECAUSE IT IS POOR.” SMALL AMOUNT OF INVESTMENT
  10. 10. ACCORDING FIRST FIVE YEAR PLAN AN UNDERDEVELOPMENT ECONOMY IS CHARACTERISED BY THE CO-EXISTENCE IN GREATER OR LESS DEGREE OF UNUTILISED MANPOWER ON ONEGUNNER MYRDAL HANDSAYS,”AN UNDERDEVELOPMENT COUNTRYIS THAT IN WHICH THEREIS A COSTELLATIONOFNUMEROUSUNDESIRABLECONDITION OF WORK &LIFE.”
  11. 11. HERE WE SEE ABOUTECONOMIC CONDITIONS OFCOUNTRY
  12. 12. ECONOMIC CAUSES 1. MARKET IMPERFEC TION2.IMMOBILELABOUR 3.MONOPOLISTICS PRACTICE
  13. 13. ECONOMIC GROWTH1.NARROW ECONOMICCONCEPT2.QUANTITATIVE3.CONTINUOUS CHANGES4.RELATED WITH DEVELOPEDNATION
  14. 14. ECONOMICDEVELOPMENT1.BROAD ECONOMICCONCEPT2.QUALITATIVE3.DISCONTINUOSCHANGES

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