![Advantages/merits of unbalanced growth strategy Advantages/merits of unbalanced growth strategy](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
Advantages/merits of unbalanced growth strategy
Definition
Unbalanced growth strategy is a strategy that recommends investment in one or few vital sectors of economy.
Advantages
- More Practical and realistic: The unbalanced growth provides practical utility for the planners. The theory stresses upon the creation of those industries which have maximum total linkage.
- It promotes efficient utilization of limited resources like capital and manpower.
- Encourages development of skills in the selected development sectors.
- Self-reliance through prioritizing the development of leading sectors which accelerate the high rate of capital investment
- Better-Use of Resources: since a country makes use of its resources according to its needs and ability. And often depends on availability of domestic resources.
- It encourages decentralized decisions making and planning in the identification of the possible developmental resources such as capital.
- It encourages innovations in the selected sectors for development.
- Promotes production of essential goods and services. Unbalanced growth strategy gives priority to basic sectors.
CATEGORIES Economics
TAGS Dr. Bbosa Science