difference between balanced growth and unbalanced growth
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Balanced growth:
Balanced growth is about consistency as well as the equilibrium. The purpose of balanced growth is to take all the sectors of economy with each other at a time. There are very big amount of capital required for this purpose.
Unbalanced growth:
Here, not all the sectors are the simultaneous instead the investment is made only on leading sectors this is because of the lack of resources . There is no balanced and inconsistency in the balanced growth but there is need of small capital here.
Balanced growth is about consistency as well as the equilibrium. The purpose of balanced growth is to take all the sectors of economy with each other at a time. There are very big amount of capital required for this purpose.
Unbalanced growth:
Here, not all the sectors are the simultaneous instead the investment is made only on leading sectors this is because of the lack of resources . There is no balanced and inconsistency in the balanced growth but there is need of small capital here.
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Balanced Growth:
Balanced growth refers to the growth rate of an economy that has all aspects of it growing at the same rate.An economy with balanced growth is considered to be extremely healthy as it shows that all parts of the economy are functioning at a steady and healthy pace. Balanced growth is sustainable in the longer term and has diverse effects on the economy of a country.
Unbalanced Growth:
The situation in which economic growth is significantly higher in some sectors than other. For example, banking may be growing rapidly while manufacturing may be growing more slowly or even declining. Unbalanced growth portends an eventual economic slow down or recession though economists disagree on how a country should address it.
Balanced growth refers to the growth rate of an economy that has all aspects of it growing at the same rate.An economy with balanced growth is considered to be extremely healthy as it shows that all parts of the economy are functioning at a steady and healthy pace. Balanced growth is sustainable in the longer term and has diverse effects on the economy of a country.
Unbalanced Growth:
The situation in which economic growth is significantly higher in some sectors than other. For example, banking may be growing rapidly while manufacturing may be growing more slowly or even declining. Unbalanced growth portends an eventual economic slow down or recession though economists disagree on how a country should address it.
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