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Economic policy efficiently:
The reason for poverty and misery in the developing countries is not essentially the lack of potentialities or resources, human or material, but the under-utilisation of these resources. Today, developing countries are not utilising more than 15 per cent of the potential capacity of human beings, owing to inadequate expertise and deficient systems of public administration. The people inhabiting the developing world expect their governments to pull them out of the morass of distressing underdevelopment. This would be possible, provided the efforts of the governments in the developing countries are comprehensive, and selective. Besides, timely action backed by a strong will and determination at all decision-making and operational levels alone can change the complexion of our socio-economic scene. However, personnel must realise that development must be indigenous and not based on foreign models. After over a quarter of a century's experience and experiments with development models based on Western systems, we find that this model stands as 'the God that failed'. Noble Laureate Ian Tinbergen has said: "The poor countries should reject the aim of initiating Western patterns of life. Development is not a linear process, and the aim of development is not to catch up, economically, socially, politically or culturally. Many aspects of Western life have become wasteful and senseless and do not contribute to people's happiness. For poor nations to attempt to imitate the rich may only mean that they trade one set of problems for another and in doing so discard or destroy much that is valuable in terms of their human resources and values." Thus, the personnel administration must take note of the fact that the final aim of development must be the constant increase in the well-being of the entire population on the basis of its full participation in the process of development and a fair distribution of benefits therefrom.
the diagram used to illustrate abnormal and normal progits
The Tastee Bakery Company supplies a bakery product to many supermarkets in a metropolitan area. The company wishes to study the effect of shelf display height employed by the supe
If we have two products, A and B, which are substitutes, we can expect that a rise in the price of A (or B) will cause the demand for B (or A) to go up.” Examine this statement wit
what are the limitations of economies of scale?
a. Referring to the table below and using the "Rule of 70," comment on long-term changes in the standard of living in the United States? b. Would you rather live in the Unite
Infrastructure : Infrastructure plays an important role in the development of an economy. The adequacy or lack of it determines an economy's success or failure in increasing p
#question.what is elasticity of demand? .
How do I draw and interpret a combined ppc curve?
The U.S. automobile industry, the soft-drink industry, the brewing industry, segments of the fast-food industry, and airplane manufacturers. Oligopoly will usually produce less tha
cartels model of collusive oligopoly
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