What is the difference between balanced and unbalanced growth in economy
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Explanation:
The balanced growth aims at the development of all sectors simultaneously but unbalanced growth recommends that the investment should be made only in leading sectors of the economy. ... On the other hand, unbalanced growth requires less amount of capital, making investment in only leading sectors.
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Balanced growth provides growth in all sectors but unbalanced growth provides growth of only leading sectors.
What is balanced growth?
- The growth which is provided through accelerated rate
- This growth is provided to companies whose output is very low
- It provides growth to agriculture sectors
What is unbalanced growth?
- The unbalanced growth is provided through a similar rate
- All sectors under this growth need an investment
- It includes external economy
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