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Merit of balanced growth theory: It promotes overall development by ensuring that all sectors of the economy grow in harmony, leading to stability and reduced inequalities.
Demerit: It may not account for the varying levels of development among sectors and regions, potentially neglecting the unique needs of certain areas or industries.
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What are the criticism of hirshman against balanced growth theory?
Hirschman criticized the balanced growth theory for assuming that all sectors of an economy would develop at the same pace, neglecting the possibility of imbalances and structural changes. He argued that this theory did not account for the dynamic nature of economic development and the need for flexibility to adapt to changing circumstances. Hirschman also highlighted the importance of allowing for disequilibria and asymmetries in development strategies.
How fair is hirschman in making the criticism of a balanced growth theory?
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.
What are the demerits of reinforcement theory?
Some potential demerits of reinforcement theory include: potential for creating dependency on rewards, overlooking individual differences in motivation, difficulty in determining appropriate reinforcement schedules, and possible negative impact on intrinsic motivation.
How is the Neo Malthusian theory different from the original Malthus one?
The Neo-Malthusian theory builds upon Malthus's ideas by incorporating current trends and factors such as population growth, resource depletion, and environmental degradation. It emphasizes the impact of overpopulation on the environment and advocates for measures like birth control and family planning to control population growth. The original Malthusian theory focused primarily on the relationship between population growth and food supply.
Merits of administrative theory?
Administrative theory helps organizations streamline processes, establish clear hierarchies, and improve decision-making. It provides a framework for effective management, delegation of tasks, and coordination of resources to achieve organizational goals. Additionally, administrative theory highlights the importance of specialization, division of labor, and standard operating procedures for enhancing efficiency and productivity in an organization.
What are the strengths and weaknesses in psychological theories of crime?
This would depend on which theory you are going off of. Each of the theories have merits and demerits to why they would be the best.
What are the criticism of hirshman against balanced growth theory?
Hirschman criticized the balanced growth theory for assuming that all sectors of an economy would develop at the same pace, neglecting the possibility of imbalances and structural changes. He argued that this theory did not account for the dynamic nature of economic development and the need for flexibility to adapt to changing circumstances. Hirschman also highlighted the importance of allowing for disequilibria and asymmetries in development strategies.
How fair is hirschman in making the criticism of a balanced growth theory?
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.
What are the demerits of reinforcement theory?
Some potential demerits of reinforcement theory include: potential for creating dependency on rewards, overlooking individual differences in motivation, difficulty in determining appropriate reinforcement schedules, and possible negative impact on intrinsic motivation.
Merits of Indian culture?
Indian thinkers put forth the theory of 'Adwaitha' which argues that the universe (with its whole quantity and quality) has originated from a single factor,called 'Brahma' in Sanskrit, which is beyond 1)Time, 2)Space,and 3)Reason and the universe is constantly expanding. This is a merit of that culture among numerous so called 'demerits'
Theory affect Human Growth and Development?
No. Theory attempts to explain human growth and development, but it does not affect it.
The clinker theory is associated with?
clinker theory is associated with growth
What is scope of macroeconomics?
The scope of Scope of Macro Economics can be studied in the following theories :- 1. Theory of National Income 2. Theory of Employment 3. Theory of Money 4. Theory of General Price Level 5. Theory of Economic Growth 6. Theory of International Growth .
Strengths of Rostow's stages of growth theory to the developing countries?
Strengths of Rostow's theory of production
What is growth theory concerned with?
I think it's potential outcome
Which of the following needs are addressed in ERG theory?
existence, relatedness, and growth.
Is regime theory the same as growth machine theory?
No, it is not. They are similar, but have a few differences. Source: Sociology 140 at UW-Madison
