Page 108 - DECO402_MACROECONOMIC_THEORY_HINDI

lef"V&vFkZ'kkL=k osQ fl¼kar

uksV fp=k 10-4 esa iw¡th dh lhekar {kerk oØ (MEC curve) iw¡th lhekar {kerk (MEC) osQ fofHkUu ekuksa (Y-v{k
ij) osQ vuq:i fuos'k (X-v{k ij) osQ laHko Lrjksa dks n'kkZrk gSA iw¡th dh lhekar {kerk (MEC) oØ dk uhps
dh vksj <ky] fuos'k osQ Lrj vkSj iw¡th dh lhekar {kerk osQ chp Í.kkRed lacaèk n'kkZrk gSA tc fuos'k dk Lrj
I ls I rd c<+rk gS] iw¡th dh lhekar {kerk (MEC)i ls i rd fxj tkrh gSA
0 1 0 1
fuos'k vkSj iw¡th dh lhekar {kerk (MEC) osQ chp foijhr lacaèk osQ nks dkj.k gSaA igyk] fuos'k dh o`f¼ ls
,d vksj ßkleku izfriQy (diminishing returns) osQ izHkko osQ dkj.k iw¡thxr laifÙk dh lhekar mRikndrk
(marginal productivity) de gksrh gSA nwljh vksj] blls mRiknu esa o`f¼ gksus osQ dkj.k] oLrqvksa dh dhersa
de gks tkrh gSaA vr%] izR;kf'kr izfriQy de gks tkrs gSaA nwljk] tc okLrfod iw¡th LVkWd esa o`f¼ gksrh gS] rks
laifÙk dh c<+rh gqbZ ek¡x osQ dkj.k] bldk iw£r ewY; c<+ tk,xkA

VkLd ^fuos'k* osQ lacaèk esa vius fopkj O;Dr dhft,A

iw¡th dh lhekar {kerk (MEC) oØ fuos'kdksa dh vis{kkvksa esa Y
ifjorZu ls f[kld ldrk gSA iw¡thxr laifÙk ls izR;kf'kr
izfriQyksa ls lacafèkr O;kikfj;ksa dk vk'kkoknh #[k iw¡th dh
lhekar {kerk (MEC) oØ dks Åij dh vksj f[kldk,xkA iw¡th
dh lhekar {kerk (MEC) oØ esa bl izdkj f[kldko fp=k 10- i 1
5 esa n'kkZ;k x;k gSA ge ns[krs gSa fd iw¡th dh lhekar {kerk
(MEC) osQ ogh eku osQ fy, vuqowQyre O;kikfjd ifjfLFkfr MEC
2
(Optimism) osQ fo|eku gksus osQ dkj.k MEC oØ ij
2
MEC
vfèkd fuos'k (OI ) miyCèk gSA mnkgj.k osQ fy, fuxe dj 1
2
vFkok vk; dj esa deh m|fe;ksa dks viuh fuos'k ifj;kstukvksa
X
dks Åij dh vksj f[kldus osQ fy, izsfjr djsxhA blh izdkj O I I
1 2
rduhd esa lqèkkj fuos'kdksa }kjk vuqowQYk n`f"V ls (favourably)
fp=k 10-5 % MEC oØ dk f[klduk
fy, tk,¡xsA blosQ foijhr] ;fn eanh fo|eku gksrh gS] iw¡th ij
izR;kf'kr izfriQy ,d cgqr uhps Lrj rd fxj tk,¡xs vkSj
MEC oØ uhps dh vksj f[kld tk,xkA blosQ vfrfjDr] mngkj.k osQ fy,] etnwjh dVkSfr;ksa osQ ifj.kkeLo:i
vk; esa deh rFkk iQyLo:i oLrqvksa o lsokvksa dh ek¡x esa deh MEC oØ dks uhps èkosQy nsxhA izR;{k dj
Hkh fuos'k ek¡x dks de dj ldrs gSaA vr% ge ns[krs gSa fd iw¡th dh lhekar {kerk (MEC), ftl ij fuos'k
ek¡x fuHkZj djrh gS] ljdkjh uhfr] rduhdh dkjdksa] O;kikfjd n'kkvksa] bR;kfn ls izHkkfor gksrh gS] tks dkiQh
vfuf'pr (unpredictable) gksrs gSaA

10-4 fuos'k ek¡x oØ (Investment Demand Curve)

igys Li"V fd;k x;k gS fd ,d iQeZ rc rd fuos'k djrh jgrh gS] tc rd iw¡th dh lhekar {kerk (MEC)
C;kt dh cktkj nj (r) osQ cjkcj gks tkrh gSA blfy, ,d fuf'pr iw¡th dh lhekar {kerk lwph osQ fy,] fuos'k
ek¡x dk Lrj C;kt dh nj ls fuèkkZfjr gksrk gSA iw¡th dh lhekar {kerk (MEC) osQ ekuksa dks C;kt dh cktkj
nj }kjk izfrLFkkfir djus ij] gesa fuos'k ek¡x lwph vkSj blh izdkj fuos'k ek¡x oØ izkIr gksrk gSA fp=k 10-6
esa fuos'k (X v{k ij) dks C;kt (Y v{k ij) osQ fofHkUu Lrjksa ls lacafèkr djrs gq, fuos'k ek¡x izn£'kr fd;k

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