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Can u plz xplain me the 4 indivisibilities of big push theory
can u plz xplain me the 4 indivisibilities of big push theory
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Gunjan![best-answer]()
The big push theory is theory of development. the indivisibilities of theory are Indivisibilities in the production function, i.e., lumpiness of capital, especially in the creation of social overhead capital. Indivisibility of demand, i.e., complementarity of demand Indivisibility of savings, i.e., kink in the supply of savings. Prof. Rodan argues that it is possible to generate enormous pecuniary external economies by overcoming the ‘indivisibilities of inputs, processes and outputs.’ The emergence of such externalities would bring about a wide range of increasing returns. Social overhead capital must grow collectively. There is an irreducibly minimum industry mix of different public utilities that have to be created all at one stroke. The very fact that there is an indivisibility of complementarity of demand requires simultaneous setting up of interrelated industries in countries to initiate and accelerate the process of development. A high minimum package of investment cannot be undertaken without an adequate supply of savings.