Bhagirath Baria
- Bhagirath Baria
- The Author of this blog has keen interest in understanding Economics and its implications on the Individual and the Economy as a whole. Has been writing articles and analysis of issues that may skip general observation, but exert deep influence on people's lives and their decisions. Discussions and Debates related to conventional as well as non-conventional Economics is done here. The author of this blog doesn't classify himself to any particular School of thought in Economics. He is tilted toward Mainstream Economics, though has keen interest in a few Heterodox schools too. Wishing all the readers a truly enriching experience.
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Rath & Economics by Bhagirath Baria is licensed under a Creative Commons Attribution-NoDerivs 2.5 India License.
Based on a work at www.rathandeconomics.blogspot.com.
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Sunday, December 26, 2010
Concluding Employment-de-Entrepreneurship
Dear readers, On a detailed analysis of past data & trends I've found that Entrepreneurship will increase Employment for time being. This is more suitable for developing nations as vast amount of Resources i.e. Land, Labor & Capital are under-utilized. When these resources will become scarce(which will take many many years as such), alternate technologies would have to be developed. If that doesn't happen ,definitely, having more entrepreneurs will mean more demand for these resources as they are the ones to utilize it & create value-added products, thus increasing this scarcity further & finally we'll have higher prices of these resources. This shall de-moralize the new or even the existing entrepreneurs. Hope by that time we develop alternatives for meeting the ever increasing demands for Goods & Services.
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