Skip to main content

Land utilisation

  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...
Post a Comment

Public finance -Importance

PUBLIC FINANCE - IMPORTANCE
a)To increase rate of savings and investment: Most of the people spend their income on Consumption.Saving is very low so the investment is low . The government can encourage these rate of savings and investment in the economy.
b)To secure equal distribution:Unequal distribution of income and wealth is basic problem of under developed countries. The rich are getting richer and poor are getting poorer. So for the equal distribution of income and wealth, there is need of public finance help us in achieving this by taxing rich and distributing the resources among poorer.
c)Optimum allocation of resources: Fiscal measures like taxation and public expenditure programmes can greatly effect the allocation of resources in various occupation and sectors, for its optimum allocation and utilization.
d)Capital formulation: Fiscal policy will be designed in a manner to perform two functions of expanding investment in public and private enterprise and by diverting resources from socially less desirable activities to more desirable investment channels .
e) Economic development: The state can play a important role in promoting economic development especially through control and regulations of economic activities. It is fiscal policy which can promote economic development of a country.
f) Implementation of planning: Under democratic planning,fiscal policy plays a important role as financial plan is as much important as physical plan and implementation of financial plan will depend upon the uses of fiscal measures.
g) Controlling inflation: The imbalances between demand for and supply of real resources may lead to inflation to underdevelopment countries. Inflation ruins the entire economic structure if the national and the process of economic development in these countries comes to stand still. So to check inflation , budgetary policy plays an important role.
h)Infrastructure building: Public finance helps to build up well development physical and institutional infrastructure. 

Comments

Post a Comment

Popular posts from this blog

Role of capitalism

ROLE OF CAPITALISM IN DEVELOPING ECONOMY Capitalism is that part of the economics where there is no role of government agencies. The sole supe power of capitalism is in the hands of private owners. This means that if private is working on the behalf of government, instead of social welfare, their main objective is to have profits. Features Lack of intervention of government. Role of private firms. Role of price mechanisms. Advantages Encourages innovation Efficient firm incentives Consumers can choose services of their choice. Prevents government from interrupting. Creates climate of innovation and economic expansion. Helps in increasing GDP. Disadvantages Firms can gain monopoly power. Externalities damages the environment. Prone to boom and bust in the economic cycles. Inequality creates social division. Capitalist market crashes causes economic downturn , uneven business cycles. There is difficulty in mobilising unprofitable sector into profitable sectors. By taking advantage of poo...
Post a Comment
Read more

Tokenization

Tokenization  Tokenization is the process of turning sensitive data into non-sensitive data called "tokens" that can be used in a database or internal system without bringing it into scope.  •It can be used to secure sensitive data by replacing the original data with an unrelated value of the same length and format.  •The tokens are then sent to an organization’s internal systems for use, and the original data is stored in a secure token vault. •The purpose of tokenization is to swap out sensitive data—typically payment card or bank account numbers—with a randomized number in the same format but with no intrinsic value of its own. •Tokenization is the process of removing sensitive data from your business systems by replacing it with an undecipherable token and storing the original data in a secure cloud data vault.  Token will be unique for a combination of card, token requestor (i.e. the entity which accepts request from the customer for tokenisation of a card and p...
Post a Comment
Read more

Investment Multiplier

INVESTMENT MULTIPLIER The number of times by which the increase in ∆Y exceeds the increase in investment is called as Investment Multiplier.  Investment Multiplier or output multiplier refers to the number of times by which the increase in output/income ∆Y exceeds the increase in investment ∆I. It is measures as the ratio between change in output /income and change in investment.                                      k = ∆Y / ∆I Where k is the multiplier. Relationship between Multiplier and Marginal propensity to consume (MPC) There is direct relationship between Multiplier and MPC . Higher the value of MPC ,higher the multiplier .                   K =1 / 1- MpC This is because of the given reasons : a)Additional investment means additional expenditure in the economy, additional expenditure means additional income . b) Higher the value of MPC ,...
Post a Comment
Read more