Comparison with our targets - structure of national income, Microeconomics

Assignment Help:

Comparison with Our Targets :

A proper objective assessment of our performance can be carried out only when we juxtapose our current achievements with: (i) planned or targeted rates of growth, (ii) desired rates of growth, and (iii) rates of growth currently achieved by other countries.  2.4.1   Comparison with Our Targets An important test to evaluate our performance is in terms of a comparison with the targets of growth rates fixed in our different plans. It must be remembered that ours is a planned economy in which all targets of growth are fixed after making "an assessement of the material, capital and human resources of the country." If the actual achievements fall short of the targets, it would mean that our performance has been less than satisfactory. 

 

2061_Comparison with Our Targets.png

It would be seen from Table that the rate of increase in national income had always been very slow, much less than what we had targeted for. It is only in the Fifth Five Year Plan and subsequent plans that the rate of growth picked up, and moved ahead of the targets. In any case, growth targets decided upon have been rather conservative and on lower side. 


Related Discussions:- Comparison with our targets - structure of national income

Positive and normative statement, differentiate between normative and posit...

differentiate between normative and positive statements in economics with the help of a statement

Methods of forecasting, Methods of Forecasting The various methods o...

Methods of Forecasting The various methods of forecasting demand may be grouped under the followings categories: Opinion Polling Method: In this method the opinion

Determine the price elasticity of demand, Given the following demand and to...

Given the following demand and total cost functions for a firm P = 4500 - 0.5Q 2                     TC = 1.5Q 3 - 50Q 2 + 1000   i) the marginal profit function

A3, Consider the model of corruption explored by Shleifer and Vishni’s wher...

Consider the model of corruption explored by Shleifer and Vishni’s where there is one government-produced good X. There is a demand for that good described by the inverse demand eq

Assignment, Please provide detailed answers, showing all your work, to all ...

Please provide detailed answers, showing all your work, to all five sections in problem 15.9 in the Nicholson and Snyder book. This is an individual take home task due at 11:59pm o

Distinction between cost and expenditure, Distinction Between Cost and Expe...

Distinction Between Cost and Expenditure As has already been defined, cost is the money equivalent of material and human resources needed to produce a good or a service. Expen

Supply, Clearly explain the distinction between supply, demand and equilibr...

Clearly explain the distinction between supply, demand and equilibrium price.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd