economics10

May 19th, 2015
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1. Share of the sector in India's GDP is highest is Service Sector (56.4% in the year 2011). 2. The Mahalanobis strategy of Indian Planning gave emphasis to growth of Heavy Capital Goods Industrial Sector.

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Economies of scale are a barrier to entry because of the need for new firms to start big to achieve the low production costs of those already in the industry. However, not all industries need techniques of production that require large scale. In many industries the minimum efficient scale is only

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