Everything you need to know about the types of pricing strategies. After selecting a pricing objective, you will need to determine a pricing strategy. This will assist you when it comes time to actually price your products. As with the pricing objectives, numerous pricing strategies are available from which to choose. Certain strategies work well with certain objectives, so make [...]
In this article we will discuss about Mahalanobis heavy industry biased strategy of development with its criticism. At the time of the formulation of the Second Five Year Plan, Prof. Mahalanobis prepared a growth model with which he showed that to achieve a rapid long-term rate of growth it would be essential to devote a major part of the investment [...]
In this article we will discuss about import substitution and export promotion. Most economists and policymakers view LDCs as consisting of large "traditional" and "modern" sectors. Hence development has come to be seen as a process of contracting the traditional sector and its growth-retarding institutions in favour of a growing modern industrial sector. Less developed countries (LDCs) have adopted two [...]