LAND UTILIZATION Land is a scarce resource, whose supply is fixed for all practical purposes. At the same time, the demand for land for various competing purposes is continuously increasing with the increase in human population and economic growth.Land use pattern at any given time is determined by several factors including size of human and livestock population, the demand pattern, the technology in use, the cultural traditions, the location and capability of land, institutional factors like ownership pattern and rights scale regulation. Major Types of Land Utilization in India : As in all other countries, land in India is put to various uses. The utilization of land depends upon physical factors like topography, soil and climate as well as upon human factors such as the density of population, duration of occupation of the area,land tenure and technical levels of the people.There are spatial and temporal difference in land utilization due to the continued interplay of phys...
Trickle down effect-Economic expansion
The economic policy paradigm i. e increase overall size by reducing taxes and then redistributing wealth, has not been beneficial to the people.
This compares whether there should reduction of taxes which will lead to expansion of economy and through the increased tax resources, Govt. should focus on health and education.
Or
There should tax from rich policy and focus on education and heath rather focusing on Economic expansion.
According to former finance minister P Chidambaram, he described budget as "No work, No welfare, only wealth".
Wealth creation should be in the economy.However, it must not be at the cost of workers and welfare.
Now,the economy of India is suffering from the demand side problem .There is rising unemployment among youth.
If people dont earn, demand will not increase and investment in business will not be attractive.
There is highly need for the economy to make our growth process inclusive.
•It must make up for shortfalls in human development.
•It must build domestic industrial capabilities.
•Until then, it will remain colony for stronger countries to expand their enterprises with their intellectual property.
The global economy must move on from the hyper financial, deregulated capitalism.
First,until the economy grows there will be no resources to invest in human development, whereas China invested in human development before its economy take-off.
Second, An unprepared industrial sector will thrive in global free trade whereas, UK, US, China, Japan grew their industrual sectors behind walls of protection and then demanded that rest open their markets to the might of their enterprises .
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