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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