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Tag Archives | Economic Development

Imbalance between Capital and Population | Economics

The first and foremost economic explanation of underdevelopment or the existence of mass unemployment and poverty of today’s developing countries is that in them there has come about a serious imbalance between population and productive resources, especially the stock of capital. This imbalance between resources and population has manifested itself not only in low per […]

Adam Smith’s Theory of Economic Development | Economics

Adam Smith is known as father of economics. We get his ideas about economic development from his well-known book, “An Enquiry into the Nature and Causes of Wealth of Nations” (1976) which has tremendously influenced the thinking about economic growth and development. We briefly explain below his ideas about economic development. We will study below […]

Essay on Economic Development in India

Here is an essay on ‘Economic Development in India’ for class 8, 9, 10, 11 and 12. Find paragraphs, long and short essays on ‘Economic Development in India’ especially written for school and college students. Essay on Economic Development in India Essay # 1. Meaning of Economic Development (Traditional View): No distinction was drawn between […]

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