Page 107 - DECO402_MACROECONOMIC_THEORY_PUNJABI

iekweI–11: qvrx isDWq

3. plWto dy inSkirAw Smqw (Idle Capacity in Plants) – qvrx-isDWq mMn ildW hY ik plWto dy apXukq È؇
(unused) jW hor (excess) Smqw nhI huMdI[ jykr kuJ mSInW ApxI purx Smqw nwl kMm nhI kr rhI
hY Aqy inskirAw pY jWdI hY, qW apBogqw vsquAW dy aqpwdn iv`c v`DI hox dI nvI puMjIgq vsquAw
dy leI mMg nhI v`DygI[ iehojI siQqI iv`c qvrx-inXm nhI kMm krygw[ Pyr, ieh isDWq AwriQk
susqI (recession)iv`c lwgu nhI huMdw ikauik aus iv`c hor Smqw nhI hovygI[
4. ie`iCq Aqy vwsqivk puMjIgq stw`k iv`c AMqr (Difference Between Required and Real Capital
Stock) – qvrx-inXm ies mMnqw qy AwDirq hY ik ie`iCq Aqy vwsqivk puMjIgq stw`k iv`c koeI
AMqr nhI pwieAw jwdW Aqy jykr hovy vI qW iek hI AviD iv`c purI qrW smwpq ho jwdW hY[ pr jykr
puMjIgq vsquAW aqpwidq kr rhy aDog pwihlW qo hI purx Smqw qy kMm kr rhy hY qW iek AviD iv`c
hI AMqr smwpq krxw sMBv nhI ho skdw[
5. invyS dy smy dI ivvycnw nhI (Does not Explain Timing of Investment) – purx Smqw qo pwey
jwx dI mMnqw qo ieh Bwv hY ik aqpwdn dI v`DI mMg iekdm pRirq invyS lwdI hY[ iesleI qvrx
inXm invyS dy smy dw ihswb (timing of investment) lgwx iv`c AsPl huMdw hY[ aqm rup iv`c, ieh
invyS dI mwqrw dI ivAiKAw krdw hY[ vwsqv iv`c, nvW invyS pRjnn krx qo pwihlW smypScqw
(time lag) ho skdI hY[ adwhrx dy leI, jykr msy pScqw 4 swl hovy qW nvy invyS dw pRBwv iek
swl iv`c nhI blik cwr swlW iv`c pRiqq hovygw[

6. puMjIgq vsquAw dI lwgq Aqy aplbDqw qy ivcwr nhI (Does not Consider Availability and
Cost of Capital Goods) – Pyr, puMjIgq vsquAW dI pRwpqI dy smy dw ihswb auhnW dI aplbiD Aqy
lwgq Aqy ivq dI pRwpXqw Aqy lwgq qy inrBr krdw hY[
7. sQwipq puMjIgq apskr dy leI qvrx pRBwv jIro (Acceleration Effect, Zero for Installed
Capital Equipment) – ieh mMn ilqw jwdw hY ik apBogqw vsquAw dI mMg iv`c virDI dw pwihlW
qo Anumwn nhI kIqw igAw sI Aqy ipCly invySW iv`c auhnW dy leI koeI ivvsQw nhI kIqI geI sI[
jykr BwvI mMg dw purvwnumwn krky puMjI apskr pwihlW hI kr idqw igAw hY, qW iehdy nwl pRyirq
invyS nhI hovygw Aqy qvrx pRBwv jIro rvygw[
8. AsQweI mMg dy leI kMm nhI krdw (Does not work for Temporary Demand) – ies isDWq AMgy
ieh vI mMn lYNdW hY ik nvI apBog mMg sqweI huMdI hY[ jykr ieh kwmnw hovy ik apBogqw vsquAW dy
leI mMg ASQweI hY, qW aqpwdn nvI puMjIgq vsquAw qy invyS nhI krdy[ iedy bjwey, auh vrqmwn
pujIgq apSækr ƒ Aor v`D ghnqw nwl clwky v`DI hoeI mMg purI kr skdy hY[ iesleI qvrx nhI
sPl hovygw[
9. swK dI purqI locdwr nhI (Supply of Credit not Elastic) – qvrx inXm mMn lYNdW hY ik swK dI
purqI locdwr huMdI hY, qwik jd pYRirq apBog dy pirxwmsvrup pRyirq invyS hovy qW puMjIgq vsqu aDogW
dy iv`c invyS dy leI ssqI swK AwswnI nwl iml sky[ jykr ssqI swK prXqp mwqrw iv`c aplbD
nhI hovygI, qW ibAwj dI dr aucI hovygI Aqy puMjI vsquAw qy bhuq G`t invyS hovygw[ ies qrW qvrx
purx rup nwl kMm nhI krygw[
10. pRqXwSwAw dI Buimkw ƒ nkrAMdwj krnw (Neglects the Role of Expectations) – qvrx inXm
dI muK kMmI ieh hY ik ieh aDwimAw rwhI inrxX lyx iv`c pRqXwSAW dy kwrXBwr (role of expecta-
tions) ƒ njrAMdwr krdw hY invyS inrxX kyvl mMg rwhI hI pRBwivq nhI hMudy hY[ auh BwvI pRqXwSwAo
ijvy stw`k bwzwr bdlwv rwjnIiqk hlclo, AMqrrwStrI G`tnwvW, AwriQk vwqwvrx, AwdI nwl vI
pRBwivq huMdy hn[
11. qknIkI kwrko dI BuimkW ƒ njrAMdwj (Neglects the Role of Technological Factors) – qvrx
inXm dI iek kMmI ieh vI hY ik ieh invyS dy pRODoigkIX kwrko dI AvhylnW krdI hY[ pRODoigkIX bdlwv
puMjI-bcwau jW Swrm bcwau ho skdy hn[ iesleI auh invyS dI mwqrw ƒ G`t jw v`D kr skdy hn[

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