Alternative Investment Criteria for Resource Allocation | Economics
In this article we will critically examine marginal reinvestment quotient criterion put forward by galenson and leibenstein and growing points criterion. Marginal Reinvestment Quotient Criterion: Marginal reinvestment quotient criterion has been suggested by Galenson and Leibenstein which seeks to maximise investible surplus per worker so that it can be reinvested to maximise rate of growth of the economy. It aims [...]