Page 100 - DECO402_MACROECONOMIC_THEORY_PUNJABI

smStI ArQSwsqr dy isDWq

È؇ invyS Aqy puMjI dI sImWq Smqw (MEC) dy iv`c ivpirq sMbD
dy do kwrx hn[ pwihlw, invyS iv`c v`irDI qo iek hor hwsmwn
pRiqPl (diminishing returns) dy pRwBv dy kwrx puMjIgq sMpiq
dI sImWq aqpwdkqw (marginal productivity) G`t huMdI hY[
dujI Aor iehdy nwl aqpwdn iv`c v`irDI hox dy kwrx, vsquAw
dI kImqW G`t ho jWdI hY[ ies leI pRqXwiSq pRiqPl G`t ho
jWdy hn[ dujW, jd vwsqivk puMjI stw`k iv`c v`irDI hMudI hY, qW
sMpiq dI v`DI hoeI mMg dy kwrx, iehdw purqI mu`l v`D jwdW hY[
puMjI dI sImWq Smqw (MEC) vkr invySkW dI ApySwvW iv`c
bdlwv qo iKsk skdw hY[ pujIgq sMpqI qo pRqXwiSq pRiqPlW
nwl sMbiDq ivAwpirAW dw AwSwvwdI ruK puMjI dI sImWq Smqw
(MEC) vkr qo auqy dI Aor iKskwaugw[ puMjI dI sImWq Smqw
(MEC) vkr qo ies qrW iKsswv icqr 10.5 iv`c ivKwieAw icqr 10.4 puMjI dI sImWq Smqw vkr
igAw hY[ AsI vyKdy hW ik puMjI dI sImWq Smqw (MEC) dy auhI
mwn dy leI Anukulqm ivAwpwirk pirsiQiqAw (optimism) dy
ivDmwn hox dy kwrx MEC vkr qy v`D invyS (OI ) hwjwr hY[
2 2
audwhrx dy leI ingwm kr Aqy Awmdn kr iv`c kMmI auD-
wimAW ƒ AwpxI invyS pirXojnwvW ƒ auqy dI Aor iKskwx dy
leI pRirq krygI[ ies qrW qknIk iv`c suDwr invySkW rwhI
Anukul njr nwl (favourably) ilqy jwxgy[ iehdy dujI Aor,
jykr mMdI ivDmwn huMdI hY, puMjI qy pRqSwiSq pRiqPl iek bhuq
Qwly dy p`Dr qy ifg jwvygw Aqy MEC vkr Qwly dI Aor iKswk
jwvygw[ iehdy Awlwvw, audwhrx dy leI, mjdurI ktoiqAw dy
pirxwmsvrup Awmdn iv`c kMmI dy Plsvrup vsquAw Aqy syvwvW
dI mMg MEC vkr ƒ D`kW dyvygI[ pRqXS kr vI invyS mMg
ƒ G`t kr iddW hY[ ies leI AsI vyKdy hY ik puMjI dI sImWq
Smqw (MEC), ijs qy invyS mMg inrBr krdI hY, srkwrI nIiq, icqr 10.5 MEC vkr dw iKsknw
qknIkI kwrkW, ivAwpwirk dSwvW, AwdI qo pRBwivq hMudI hY,
jyVw ik kwFI Ainsicq (unpredictable) huMdy hn[

‡≈√’ ‘invyS’ dy sMbD iv`c Awpxy ivcwr pyS kro[

10.4 invyS mMg vkr (Investment Demand Curve)

pwihlW spSt kIqw jw cuikAw hY ik iek Prm jd q`k invyS krdI rhWdI hY, qd qk puMjI dI sImWq Smqw
(MEC) ibAwj dI bwjwr dr (r) dy brwbr ho jWdI hY[ iesleI iek inSicq puMjI dI sImWq Smqw sucI dy
leI, invyS mMg dw p`Dr ibAwj dI dr ƒ inrDwirq krdw hY[ puMjI dI sImWq Smqw (MEC) dy mwnW ƒ ibAwj
dI bwjwr dr rwhI pRiqsQwipq krx nwl, swƒ invyS mNg sucI Aqy iesy qrW invyS mMg vkr pRwpq huMdw hY[
icqr 10.6 iv`c invyS (X-AMs qy) ƒ ibAwj (Y-AMS qy) dy iBn p`DrW nwl sMbiDq krdy hoey invyS mMg pRdiSq
kIqw igAw hY[ ies iekweI iv`c ivKweI kwlpink puMjI dI sImWq Smqw sucI dy muqwibk 25 kroV rupey dy
invyS, dy puMjI dI sImWq Smqw 15% huMdI hY[ ieh inSkrS kiFAW jw skdw hY ik 15% ibAwj dI dr qy

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