Balanced growth implies ........

Economic and social issues (RBI) Growth and development

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Balanced growth implies:

Simultaneous development of a variety of activities, which support one

another

Equal allocation of resources to different sectors

Different sectors growing at their natural rates of growth

Uniform rate of growth of output over time

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Explanation:

Balanced growth means that the ratio of the capital stock to output does not change. On a balanced-growth path, output and the capital stock grow at the same rate, so the ratio of the capital stock to output is always the same: the growth path of the economy is a straight line from the origin.