Friday, September 20, 2019

Difference Between Balance Growth and Unbalanced Growth


BASIS
BALANCED GROWTH
UNBALANCED GROWTH
1
Sector             into consideration
It emphasis on  growth  in  ALL SECTORS
It emphasis on growth in LEADING SECTORS
2
Key limitation
It considers “size of market” as
a key limitation
It  considers  “lack  of  decision”  as
key limitation.
3
Order of growth
In  this  growth  is  gradual  and harmonious
In    this    growth    is       uneven               and disorder taken place.
4
Strategy used
Investment in Big push strategy
Investment either in Social overhead capital or in directly productive activities.
5
Relations between industries
In balanced growth industries are complementary to each other.
In   unbalanced    growth       industries
are competitive to each other
6
State planning
It   consider    state      planning   as necessary
It    considers     state       planning       as voluntary
7
Criticism
Underdeveloped  economy does not have that  much resources for a kick start push or invest in all sectors.
Creating deliberate imbalance but to what extent(underdeveloped economy already imbalanced).


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