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Kaldor's Economic Growth Model Explained in Hindi | Growth & Development | Economics on Ecoholics 2 года назад


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Kaldor's Economic Growth Model Explained in Hindi | Growth & Development | Economics on Ecoholics

Kaldor's Economic Growth Model shows the nature of non-economic variables which ultimately determine the rate at which the general level of production of economy is growing, and thereby contribute to an understanding of the question of why some societies grow so much faster than others. His model is based on certain assumptions: Assumptions: 1. There are two factors of production capital and labour (K and L) and thus only two types of income profits and wages (P and W). All profits are saved and all wages are consumed. 2. There are constant returns to scale and production function remains unchanged over time. Capital and labour are complementary. 3. There is perfect competition as such the rates of wages and profits are same over different places. 4. The marginal propensity to consume of workers is greater than that of capitalists. 5. The investment-income (output) into (I/Y) is an independent variable. 6. There is a state of full employment so that total output or income (Y) is given. 7. There is an unlimited supply of labour at a constant wage in terms of wage goods. Ecoholics is the largest platform for economics. Download our app: http://ecoholics.in/mobile-app/ Visit our website for further information and resources: http://ecoholics.in/ To Subscribe for Courses - https://subscription.ecoholics.in/ Reach out to us on Whatsapp for further information: https://wa.me/917880107880 If you’re preparing for competitive exams like UPSC IES, RBI DPER or UGC NET then Ecoholics is the one-stop destination for all your learning needs. Study economics the smart way and get an in-depth understanding of this dynamic subject with our holistic approach. Our team of expert faculties help you polish your knowledge and provides you with one-on-one mentorship and doubt-clearing sessions, so you leave no stone unturned when it comes to your preparation. By signing up with us, you can access our live classes, video lectures, test series and get the hard copy of study material delivered to your doorstep, so your preparation never hits a bump! Follow our social media handles to stay updated on all things economics. Follow Ecoholics on Twitter-   / ecoholics_in   Follow Ecoholics Facebook Group -   / 41907.  . Follow Ecoholics Facebook Page -   / ecoholics8   Follow Ecoholics on Instagram:   / ecoholics.in   Follow Ecoholics on Telegram: https://t.me/ecoholicsbysanat Become a Member of Largest Community of Economics: https://ecoholics.in/become-a-member/ #economics #growthanddevelopment #economicgrowth #economic #economists #upsc #rbi #indianeconomicsservice #ias #iitjam #gateeconomics #ugcnet #ugc #jrf #economy #unionpublicservicecomission #ignou #dse #jnu #maentrance #pgentrance

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