INVESTMENT AND ECONOMIC DEVELOPMENT
Dr. B. Ramachandra
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Abstract
Most of the people in developing countries are living in poor socio-economic conditions. In pressure to achieve rapid progress or development, proper sector is needed to invest. When investment put in technology including skills, it improves efficiencies of capital and labour. A change technology creates demand for labour and output or final goods. The vicious circle of investment leads to Economic Development.
KEY WORDS: Economic Development, Efficiency of capital, Efficiency of labour, impact, investment,
Keywords:
Journal Name :
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EPRA International Journal of Economic and Business Review(JEBR)
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Published on :
| Vol | : | 6 |
| Issue | : | 4 |
| Month | : | April |
| Year | : | 2018 |