explain mahalanobis two sector model of economics development
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In his basic two-sector model Mahalanobis divides the economy into two sectors—the sector C produces consumer goods and sector K produces capital goods. ... This implies that the increase in investment in period t is equal to the increment in output of capital goods.
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In his basic two-sector model Mahalanobis divides the economy into two sectors—the sector C produces consumer goods and sector K produces capital goods. ... This implies that the increase in investment in period t is equal to the increment in output of capital goods.
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