Improves people's standards of living
Types of economic growth: There are two types of economic growth: 1.Balanced Economic Growth 2.Un-balanced Economic Growth 1.Balanced Economic Growth: All the economic sectors are growing at same ratio or percentage,this growth is known as balanced economic growth. 2.Un-balanced Economic Growth: When some sectors of the economy are growing faster than others,and their rate of growth is different to each other,this growth is known as un-balanced economic growth.
balance growth mean investment in all sectors and unbalanced growth mean investment in one sector
advantages:
i need the topic ofBalanced and Unbalanced Growth
Hirschman's criticism of balanced growth theory focuses on its rigidity and assumption that economic development must proceed evenly across all sectors. Hirschman argues that this approach fails to account for the dynamic and uncertain nature of development processes. Overall, his critique highlights the importance of flexibility and adaptability in economic planning.
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The objective of a balanced fund is to conserve the investor's principal, pay a high level of income, and promote long-term growth
A balanced diet and healthy lifestyle.
Employment generation ,Regional development ,Balanced growth,
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What_are_the_advantages_and_disadvantages_of_organic_growth_in_business
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