Unemployment in India is a complex problem with numerous overlapping and intertwined causes; however, it is possible to identify several key causes.
The Environmental Kuznets Curve is used to graph the idea that as an economy develops, market forces begin to increase and economic inequality decreases. More specifically that as the economy grows, initially the environment suffers but eventually the relationship between the environment and the society improves.
A more equitable distribution of income may help accelerate growth and promote economic development. Equitable doesn’t mean equal distribution of income. It refers to the distribution of income that is ‘fair,’ but the concept of ‘fair’ is subjective.
Ex-ante strategies prevent or reduce risk like savings. On the other hand ex-post or risk coping strategies mitigate the risk like dis-savings. These are two types of risk strategies for farmers to mitigate risk outcomes.
The Harrod Domar model shows the importance of saving and investing in a developing economy. The model was developed independently by Roy F. Harrod and Evsey Domarin 1939.
Even though developing nations have very different backgrounds in terms of resources, history, demography, religion and politics, they still share a few common characteristics.