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Building up a Stable and Viable Export Production Base:
It is necessary to make a deliberate production plan and to earmark a part of production for export even if there is a pressure of domestic demand on export supplies. In this connection, D.V. Kapur Committee suggested: (i) inducing domestic producers through more incentives to export, (ii) building in an advantage in attaining economies of scale, and (iii) further liberalisation of the licensing policies aimed at injecting intense competiton. As to the infrastructure, we can distinguish between national infrastructure and international infrastructure. The former refers to all the 'facilities' that are available within the country and the latter to the network of facilities outside the borders of the country. Both these categories of infrastructure include the following: (a) institutional framework providing export services, advice on import management, etc., (b) network of information collection, dissemination, publicity, image-building, etc., (c) transport and communication services; (d) banking services; (e) system of trading houses, clearing agents, etc., (f) research, analysis of market potential and its behaviour, new techniques of export/import strategies, training of managerial personnel and export/import decision-making and management, etc.
Economies and Diseconomies of Scale -Economies of Scale Increase in the output is greater than increase in the inputs. -Diseconomies of Scale Increase in the
Explain the meaning of the statment "coffee and tea are close substitutes".
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.
Labor cannot be divided from the human being who provides it. The result of the inseparability of labor from the people who gives it, is that the wage for the last hour worked mus
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if the price of labour is 2000 per hour and the price of capital is 1000 per hour.is there an efficiency point of production.
Defined Benefit Pensions: A pension plan that pays a specified monetary benefit, generally based on a pensioner's years of service and their income at the time of retirement.
Official Reserve Account: This part of the balance of payments informs us about how the balance of both current and capital accounts taken together is settled.Transaction in thi
Economic Reforms and Industrial Growth Economic reforms were mainly intended to remove obstacles so that investment in industry may be accelerated. With this end in view, indu
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