Dr. B. Ramachandra

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,

Journal Name :
EPRA International Journal of Economic and Business Review(JEBR)

Published on :

Vol : 6
Issue : 4
Month : April
Year : 2018
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