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Table of contents
- Critical minimum effort thesis slideshare in 2021
- Leibenstein's critical minimum effort thesis with diagram
- Critical minimum effort theory pdf
- Critical minimum effort theory upsc
- Who has given the critical minimum effort thesis
- What is the main assumptions of critical minimum effort theory
- Leibenstein in his critical minimum effort thesis treats population as a factor that is
- Limitations of critical minimum effort theory
Critical minimum effort thesis slideshare in 2021
Leibenstein's critical minimum effort thesis with diagram
Critical minimum effort theory pdf
Critical minimum effort theory upsc
Who has given the critical minimum effort thesis
What is the main assumptions of critical minimum effort theory
Leibenstein in his critical minimum effort thesis treats population as a factor that is
Limitations of critical minimum effort theory
What is the theory of critical minimum effort?
The theory is based on the relationship between the three factors, viz. (i) per capita income, (ii) population growth, and (iii) investment. Leibenstein identified population also an income-depressing factor (or a), whereas investment is an income-generating factor.
Which is the minimum critical level of per capita income?
Thus according to Leibenstein, the Ye is the minimum critical level of per capita income which is necessary for economic growth. (i) Population, Growth and Per Capita Income: It has been assumed that the growth of the population is an increasing function of growth of per capita income in the beginning.
What does Leibenstein mean by critical minimum effort?
This minimum level of investment is called ‘critical minimum effort’. According to Leibenstein, “A sufficiently large minimum effort is necessary at the outset if the necessary minimum is to be achieved.” It is necessary for the sustained economic growth of underdeveloped countries that a certain minimum sum of money is invested.
Why are underdeveloped countries poor in critical minimum effort?
Following are the two basic propositions underlying the ‘critical minimum effort’ thesis: (1) The first proposition is the argument that the underdeveloped countries are poor because they have low capacity to save and invest. With their low per capita income, the magnitude of savings remains low.
Last Update: Oct 2021
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