Mindmap
Agricultural Reform
Inhalt der Mindmap
Agricultural Reform
Commune system replaced HRS
- Sell surplus in the free market after state quota was met
- Led to an incentive effect where there surpluses in income and food
- This means more development in human and physical capital (through more food supply)
- More investment through VTEs and more consumption as disposable income rises
- Increases to AS and AD and subsequent increases in growth and GNI/capita
- Increases to standards of living and development as a result
- Increases to AS and AD and subsequent increases in growth and GNI/capita
- More investment through VTEs and more consumption as disposable income rises
- This means more development in human and physical capital (through more food supply)
- Led to an incentive effect where there surpluses in income and food
- Sell surplus in the free market after state quota was met
Informationen
- Beschreibung
- How it affects development and growth
- Erstellt von
- Ayman Shaukat
- Aufrufe
- 13
- Tags
- Bewertung