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smStI ArQSwsqr dy isDWq




                         È؇     sMbD bdlwv (∆Y ) Aqy invyS dy bdlwv (∆I ) qy inrBr krdw hY[ ieh ivKwieAw igAw hY ik puMjIgq vsquAw
                                              t                   t
                                 dy leI mMg kyvl apBog vsqUAW nwl pYdw nhI hMudI hY blik rwStrI aqpwdn dy iksy vI pRqXS mMg nwl[
                                 ieh donW ivrxW iv`c β Aqy ν brwbr hn[

                                 √ÚÀ ÓπÒª’‰ (Self Assessment)

                                 irkq QwvW ƒ Bro (Fill in the blanks):
                                    1.  ‘qvrx isDWq’ nW ArQ-ivvsQw iv`c pwihlI vwr 1917 iv`c ………… ny pRXog kIqw[
                                    2.  qvrk guxWk pyRirq invyS Aqy apBog Krc iv`c sUru dy bdlwv dy iv`c …………… hY[
                                 iek ArQ-ivvsQw iv`c puMjI dw ie`iCq stw`k aqpwdn dI mMg iv`c bdlwv qy inrBr krdw hY[ aqpwdn dy
                                 iksy  bdlwv nwl puMjI stw`k iv`c bdlwv hovygw[ AMgy ieh bdlwv aqpwdn iv`c bdlwv dy ν guxw dy brwbr
                                 hMudw hY[ AMq ∆I = ν∆Y  ijQy ν qvrx hY[ jykr iek mSIn dw mu`l 4 l`K rupieXy huMdw hY Aqy ieh 1 l`K rupey
                                             t     t
                                 ky ਮੁੱਲ ਦਾ ਉਤਪਾਦਨ ਕਰਦੀ ਹੈ, ਤੱਦ v ਦਾ ਮੁੱਲ 4 ਹੁੰਦਾ ਹੈ । ਇੱਕ ਉਦਿਅਮੀ ਜ ਆਪਣੇ ਉਤਪਾਦਨ ਨੂੰ ਪ੍ਰਤੀ ਸਾਲ 1 l`K
                                                                                      ੋ
                                 rupey v`Dxw cwaudw hY ausƒ ies mSIn qy 4 l`K rupey jrur Krc krxy cwihdy hn[ ieh smwn rup nwl iek
                                 ArQ-ivvsQw auqy vI lwgu huMdw hY ijQy jykr qvrk dw mu`l iek qo v`D hY qW aqpwdn dI pRiq iekweI ƒ v`D
                                 puMjI cwihdI hY qWik S`uD invyS iv`c virDI, jo aqpwdn iv`c virDI dy kwrx pweI jWdI hY v`D hovy[ ArQ-
                                 ivvsQw iv`c skl invyS brwbr hMudw hY pRiqsQwpn invyS + su`D invyS[ pRiqsQwpn (replacement) invyS
                                 siQr hox qy, skl (gross) invyS aqpwdn dy hr p`Dr dy Anurup pirvriqq hovygw[
                                 qvrx isDWq ƒ brUmYn (Brooman) rwhI idqy gey hyT ilKy smIkrx qo ibAwn kIqw jw skdw hY:
                                                                  l   =  ν (Y  – Y ) + R
                                                                  gt        t   t–1
                                                                     =  ν ∆Y  + R
                                                                            t
                                 ijQy l  kwl t iv`c skl invyS hY, ν qvrk hY, Y  kwl t iv`c rwStrI aqpwd hY, Y ipClI AviD (t – 1)
                                     gt                               t                        t–1
                                 iv`c rwStrI aqpwd hY, Aqy R pRiqsQwpn invyS hY[
                                 smIkrx ieh dsdw hY ik AviD t dy dorwx skl invyS inrBr krdw hY aqpwdn dI AviD t – 1 qo t q`k
                                 bdlwv qy guxw qvrk ( ν ) jmW pRiqsQwpn invyS (R)[
                                 Su`D invyS (I ) inkwlx dy leI smIkrx dy dono Aor qy R ƒ G`tw dyxw cwihdw hY qwik t AviD iv`c SuD invyS
                                          n
                                 huMdw hY:
                                                                  l   =  ν (Y  – Y )
                                                                  nt        t   t-1
                                                                      =  ν ∆Y
                                                                            t
                                 ieh smIkrx ∆I = ν∆Y dy isvwX Aor kuJ nhI hY ikauik ∆Y = Y  – Y    jykr Y  > Y    hovy qW t AviD dy
                                                                                 t    t – 1  t   t – 1
                                 rorwx su`D invyS Dnwqmk huMdw hY[ dujI Aor, jykr Y  < Y    hovy qW su`D invyS irxwqmk huMdw hY jW t AviD
                                                                        t   t – 1
                                 dy dorwx ivinvyS (disinvestment) huuMdw hY[






                                       È؇√      ‘qvrx isDWq’ nw ArQ-ivvsQw iv`c pwhlI vwr 1917 iv`c jy. Am. klwrk ny
                                                 pRXog kIqw[










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