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Comparison with Our Targets :
A proper objective assessment of our performance can be carried out only when we juxtapose our current achievements with: (i) planned or targeted rates of growth, (ii) desired rates of growth, and (iii) rates of growth currently achieved by other countries. 2.4.1 Comparison with Our Targets An important test to evaluate our performance is in terms of a comparison with the targets of growth rates fixed in our different plans. It must be remembered that ours is a planned economy in which all targets of growth are fixed after making "an assessement of the material, capital and human resources of the country." If the actual achievements fall short of the targets, it would mean that our performance has been less than satisfactory.
It would be seen from Table that the rate of increase in national income had always been very slow, much less than what we had targeted for. It is only in the Fifth Five Year Plan and subsequent plans that the rate of growth picked up, and moved ahead of the targets. In any case, growth targets decided upon have been rather conservative and on lower side.
Why do so many international markets tend towards oligopolist structure? Definition of oligopoly - few and large firms with market power Basic assumptions of oligopoly
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would a rational producer be concerned with the average or marginal product of an input in dec
Entrepreneur: The entrepreneur or enterprise is a special factor of production that is in charge of the organization of the other three factors of production (land, labour and
sources of oligopory
How does the BLS classify people who are "not in the labor force," and what people are often in this category? If an individual surveyed (that is, who is age 16 or over and no
. Keep slope of supply constant and apply different slopes of demand curve and then show what happens if control price impose. Similarly, keep demand curve constant and apply diffe
Steel and aluminum production Steel Canada 500, France 1200 Aluminum Canada 1500, France 800 The maximum amount of steel or aluminum that Canada and France can produce if they full
An Exception: OECD Economies It isn't inevitable that there be such divergence. United States--with its 14 to 25-fold increase in output per worker over the years since 1870-ha
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