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Yogita Ingle 6 years, 8 months ago
Nelson has presented the theory of low-level equilibrium trap for the UDCs. This theory is based upon 'Malthus' view that when per capita income of a country rises above the 'Minimum Subsistence Wage', the population will tend to increase. Initially, the population grows rapidly with an increase in per capita. But when the growth rate of the population reaches an upper physical level, it starts declining with a further increase in per capita.
In other words, in the beginning, the increase in per capita income leads to an increase in the population. Afterward, the increase in the per capita income leads to decrease population.
According to Nelson, the UDCs have a stable equilibrium of per capita income which is close to subsistence requirements. Hence, savings and investment remain at a very low level. Thus whenever, the efforts are made to raise the level of NI, savings, and investment they also resulted in an increase in the population. Accordingly, the per capita income remained at its stable equilibrium level. All this means that UDCs are caught in a low-level equilibrium trap.
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Sia ? 6 years, 8 months ago
Butter is a type of gel in which dispersion medium is Solid and dispersed phase is Liquid.
Prashant Singh 6 years, 8 months ago
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Sia ? 6 years, 8 months ago
Nutritive Components Of Diet: There is a large number of nutrients required in our balanced diet. Some of them are “Nutritive components” like Carbohydrates, Fats, and Proteins.
Non-Nutritive Components Of Diet: Whereas some of the other components of the diet are also required which are “Non-Nutritive Components” such as Vitamins, Minerals, Water and Roughage (Fibers).
Posted by Arun Gupta 6 years, 8 months ago
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Sia ? 6 years, 8 months ago
- The states of South Asia recognise the importance of cooperation and friendly relationship, among themselves. The South Asian Association for Regional Cooperation (SAARC) is a major regional initiative by the South Asian states to evolve cooperation through multilateral means. It began in 1985. Unfortunately, due to persisting political differences, SAARC has not had much success. SAARC members signed the South Asian Free Trade Agreement (SAFTA) which promised the formation of a free trade zone for the whole of South Asia. The aim of SAFTA is to all free trade across the borders. The Agreement was signed in 2004 and came into effect on 1 January 2006. SAFTA aims at lowering trade tariffs by 20% by 2007.
- There is a difference of opinion about SAFTA. Some of our neighbours fear that SAFTA is a way for India to 'invade' their markets and to influence their societies and politics through commercial presence in their countries. On the other hand, India think that there are real economic benefits for all from SAFTA and that a region that trades more freely will be able to cooperate better on political issues. Some in India think that SAFTA is not worth the trouble since India has already bilateral agreements with Bhutan, Nepal and Sri Lanka.
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Sia ? 6 years, 8 months ago
Geography is the study of the physical features of the earth and its atmosphere, and of human activity as it affects and is affected by these, including the distribution of populations and resources and political and economic activities.
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Řøhăň Řąjpůť ✌️✊ 6 years, 8 months ago
꧁≪Mämƭå ℭℏᑌĎℎàℜÿ? 6 years, 8 months ago
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Premesh Tyagi 6 years, 8 months ago
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