What should be in order to maintain regional balance in development ? Clarify it . For grade 8
Answers
Answer:
Balanced Regional Development: 7 Main Requirements
1 Overcoming Social Evils:
2Smooth Development of the Economy:
3Developing and Conserving Resources:
4Rapid Development of the Economy:
5Minimising Backwash Effects:
6Expansion of Employment Opportunities
Explanation:
A balanced regional development is needed for our economy because the advancement of the entire economy hinges on the development of all regions keeping in pace with their factor endowments. In the long run, the progress of the national economy will be the result of the growth realised by different regions
After reading this article you will learn about: 1. Meaning of Balanced Regional Development 2. Considerations and Need for Balanced Regional Development 3. Proper Strategy.
Meaning of Balanced Regional Development:
Balanced regional development is an important condition for the harmonious and smooth development of a country. It does not imply equal development of all regions of a country. Rather it indicates utilisation of development potential of all areas as per its capacity so that the benefit of overall economic growth is shared by the inhabitants of all the different regions of a country.
Thus the regional balance implies uniform distribution pattern of the planned investment among different regions of a country. Alternatively, regional balance demands distribution of investment in such a way so that the regional rates of growth in different parts of the country be equally attained, eliminating the regional disparities prevailing in the country.
Answer:
Overcoming Social Evils:
Smooth Development of the Economy:
Developing and Conserving Resources:
Rapid Development of the Economy:
Minimising Backwash Effects:
Expansion of Employment Opportunities:
Explanation: