Capital Formation or Capital Accumulation :- Meaning :- Capital accumulation or capital formation means to increase…
Causes of Unemployment :- In the advanced countries rate of unemployment is low while in the less developing countries…
Human Capital Formation :- Expenditure on education and training is called human capital formation. In other words to …
Importance of Education :- Today all the economists in the world have admitted this fact that expenditure on education…
OVERPOPULATION :- When the size of population is greater then the size of natural resources if it is called over popu…
There is a close relationship between population and economic development in some countries. It is an obstacle in the …
Importance of Forests :- Forests play very important role in the economic development of our country. The area under f…
There are large number of resources which generate the power. The important sources are Nuclear, Coal, Oil, Gas and sol…
Mineral Resources :- Large deposits of minerals provide sound base for the economic development. The important mineral…
The study of economic development has attached the attention of economists right from Adam Smith down to keynes. th…
Meaning of Technology :- The body of knowledge which can be used to produce goods and services from economic resources…
Factors of Economic Development :- There are various factors which are responsible for economic development in any cou…
If the under developed countries adopt the following policies, they can remove the obstacles and can break the vicious …
Vicious Circle of Poverty :- The people in the less developed countries have low per capita income. Having low income…
SOCIAL OBSTACLES Following are the important social obstacles in the way of economic development : 1. Joint Family S…
Developing Economy :- According to Prof. Nurkse, "Under developed countries are those which when compared with th…