Page 151 - DECO402_MACROECONOMIC_THEORY_HINDI

bdkbZµ14% cksey ,oa Vksfcu dk ;ksxnku

vius oqQy èku dks fofoèk (diversify) djrk gSA ;gh dkj.k gS fd mls fofoèkd dgk tkrk gSA og rc rd uksV
vfèkd tksf[ke mBkus dks rS;kj ugha gksrk tc rd mls vfèkd izR;kf'kr izfriQy dh vk'kk u gksA ij] tksf[ke
fuokjd eu&gh&eu rjyrk dks vfèkeku nsrk gS ftls osQoy vfèkd Å¡ph C;kt njksa ls nwj fd;k tk ldrk gSA
C;kt dh nj ftruh Å¡ph gksxh] eqnzk dh ek¡x mruh gh de gksxh] ifj.kker% ckaM j[kus dh izjs.kk mruh gh
vfèkd gksxhA blosQ foijhr] C;kt dh nj ftruh de gksxh] eqnzk dh ek¡x mruh gh vfèkd gksxh] vkSj ifj.kker%
ckaM j[kus dh bPNk mruh gh de gksxhA bls fp=k 14-3 esa fn[kk;k x;k gSA
tc C;kt dh nj c<+rh gS rks ctV js[kk dh <yku c<+rh gSA bls ctV js[kk r }kjk fn[kk;k x;k gS tks ?kwerh
1
gqbZ Åij dh vksj r rFkk r ij igq¡prh gSA ifj.kker% C;kt nj esa o`f¼ osQ lkFk tksf[ke osQ vuqikr esa izfriQy
2 3
c<+rs tkrs gSa vkSj ctV js[kk vfèkd Å¡ps mnklhurk oØksa dks Li'kZ djrh pyrh gSA fp=k 14-3 esa r , r vkSj
1 2
r js[kk,¡ l , l , l oØksa ij Øe'k% T , T , T ¯cnqvksa ij Li'kZ djrh gSaA ;s ¯cnq fp=k esa b"Vre fuos'k lwph
3 1 2 3 1 2 3
oØ OPC dks vuqjsf[kr djrh gS] tks crkrk gS fd T;ksa&T;ksa Li'kZ ¯cnq ckb± vksj ls nkb± vksj Åij dks c<+rs gSa]
R;kas&R;ksa izR;kf'kr izfriQy vkSj tksf[ke c<+rs tkrs gSaA
;s Li'kZ ¯cnq tksf[ke fuokjd osQ fuos'k&lwph pyu dks Hkh fuèkkZfjr djrs gSa] tSlk fd fp=k 14-3 osQ fupys Hkkx
esa fn[kk;k x;k gSA tc C;kt nj r gS rks os OB ckaM rFkk B W eqnzk j[krs gSaA T;ksa&T;ksa C;kt dh nj r ls
1 1 1 1
c<+dj r vkSj r gksrh tkrh gS R;ksa&R;ksa tksf[ke fuokjd viuh fuos'k lwph esa Øe'k% vfèkd ckaM OB vkSj
2 3 2
OB eqnzk j[krs pyrs gSa vkSj eqnzk dks ?kVkdj B W rFkk B W dj nsrs gSaA fp=k ;g Hkh izn£'kr djrk gS fd
3 2 3
tc C;kt dh nj esa leku ek=kkvksa esa r ls r ls r rd o`f¼ gksrh gS rks tksf[ke fuokjd ?kVrh ek=kkvksa esa
1 2 3
ckaM j[krs gSaA B B < B B < OB A bldk ;g vFkZ Hkh gS tc C;kt dh nj c<+rh gS rks eqnzk dh ek¡x vis{kkÑr
2 3 2 1 1
de ek=kk esa ?kVrh gSA bldk dkj.k ;g gS fd fuos'k lwph esa oqQy laifÙk osQ varxZr ckaM rFkk eqnzk gksrh gSA

L
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For Money

fp=k 14-4

bl izdkj fp=k 14-3 osQ vkèkkj ij eqnzk dk ek¡x oØ [khapk tk ldrk gSA bls fp=k 14-4 esa Ls oØ osQ :i
esa O;Dr fd;k x;k gSA oØ crkrk gS fd C;kt dh nj Å¡ps Lrj ls fxjrh gS] rks eqnzk dh ek¡x esa vis{kkÑr
de o`f¼ gksrh gSA mnkgj.kkFkZ] tc C;kt dh nj r ls fxjdj r gks tkrh gS rks eqnzk dh ek¡x esa AB o`f¼
10 8
gksrh gS tks OA ls de gSA bldk dkj.k ;g gS fd tksf[ke fuokjd] eqnzk dh vis{kk ckaM vfèkd j[kuk pkgrk
gSA ijarq tc uhps osQ Lrj ij C;kt dh nj fxjrh gS tSls r ls fxj dj r gks tkrh gS] rks eqnzk dh ek¡x esa cgqr
4 2
vfèkd o`f¼ gksrh gSA fp=k 14-4 esa ;g o`f¼ CD gSA ;g eqnzk dk ek¡x oØ eqnzk dh leLr ek¡x ls ugha vfirq
eqnzk dh lêðk ek¡x ls lacaèk j[krk gSA

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