Vent for Surplus Theory (HINDI)

Description: Vent for the surplus was first propounded by Adam Smith. While stressing the need for international trade as in its absence the domestic market for the goods that can be produced at the 'production possibility frontier (PPF)' may not be sufficient and therefore, in the absence of international trade, force the producers to produce less than what can be potentially produced. This, for all practical purposes, push the PPF inward. Interest in 'Vent for Surplus Theory (VfS)' was resurfaced when during the 1950s and 60s çomparative cost advantage (CCA) theory came under severe attack on the ground that it does not capture the realities of the less developed countries (LDCs). Hla Myint in his study demonstrated that (VfS) surplus explains such realities (those of LDCs) better. His contention was that there exist surplus resources - especially the labor as the unemployment in these countries is structural. So unlike CCA theory which emphasized the reallocation of resources to use them efficiently, in LDCs extra resources need to be absorbed. But limited market acts as a big impediment. It keeps the production at less than its potential level which in turn deprive the producers to earn and invest more. Therefore without trade economy may perpetually operate at sub-optimum level. But if the economy opens up to international trade surplus resulting from the lack of effective demand may be exported enabling the country to have more of other goods than it could be domestically produced.
#YOUCANLEARNECONOMICS
#ECONOMICS
Subscribe me @ / ezclassesfaghsa
Like me on Facebook @ / faghsa
Follow me on Twitter @ ?l...

[@anujgautam617]

Excellent Guruji...Book se ye theory clear nhi ho pa rahi thi...but after attending your online lecture I have learnt new dimensions and facts that r not given even in book...Touching ur feet

[@EZClassesfaghsa]

Thanks for watching my video

[@dipugupta3781]

चरण स्पर्श सर ...
निजीकरण,उदारीकरण ,वैश्वीकरण पर विडिओ बनाइये सर आपका ये बड़ा अहसान कभी नहीं भूल पाएंगे..CordiallY thanX Sir

[@ENC-gl6lg]

Too good Sir.

[@EZClassesfaghsa]

Thanks

[@deepshikabanerjee3383]

Thank you so much sir. I m also a regular follower of your channel. Thanks a lot.

[@EZClassesfaghsa]

So nice of you

[@simisultana6307]

Thank you so much sir. Very nhi ce explanation

[@EZClassesfaghsa]

Keep watching

[@charuduttsinghthakur186]

Got it sir ✌🙏

[@shivanibajpai6703]

Sir trade creation aur trade diversion
And quota aur tarrif me kon best hai for developing country like India pls make vedio on this thanks

[@EZClassesfaghsa]

Noted

[@shivanibajpai6703]

Thanku sir

[@EZClassesfaghsa]

Welcome 🙏

[@secular_gndu]

Tanqqq so much sir
U r awsome

[@EZClassesfaghsa]

Thanks for watching my video

[@nyc1292]

Sir ya to English me btaye ya Hindi me

[@jitendrakumarchaurasiya5348]

Thanks sir

[@EZClassesfaghsa]

You are always welcome

[@swaruproy5539]

Sir pls make a video on offer curve...

[@EZClassesfaghsa]

I will try

[@ruchiyadav1334]

Thank you sir

[@EZClassesfaghsa]

Welcome

[@jyotipoonia2871]

Sir plzzz life table kraeye plzzz

[@khushboo2498]

Thank u sir😊

[@EZClassesfaghsa]

Welcome 😊

[@dipankarbazboruah6714]

Nagas hill of north east plz sir botaye plzz

[@EZClassesfaghsa]

What you want exactly I don't understand

[@dipankarbazboruah6714]

@@EZClassesfaghsa geography ka topic he sir...

[@EZClassesfaghsa]

I am teaching economics not geography Dipankar. Sorry

[@aarabkhan8706]

good morning sir investment function ka topics Hindi me video bnao

[@EZClassesfaghsa]

I will try to upload

[@majanapanmei8879]

Hello sir ...if you can upload english explanation too ..please

[@EZClassesfaghsa]

For very long time I have been inactive and could not upload any new lecture. Now I intend to make videos. In English also.

[@majanapanmei8879]

@@EZClassesfaghsa
Hope you are fine and doing good sir...
Thank you for the response

[@ASSAMinfo2021]

Thank you so much sir......

[@EZClassesfaghsa]

You are always welcome

[@sumbulmalik9931]

Awaz toh h nhi esme

[@edukart92]

sir macro economics of class 12 please

[@EZClassesfaghsa]

I will

[@nyc1292]

Samajh me aaya

[@nyc1292]

Nahi

[@prernarajput3714]

Sir ma economics

[@prilsabuero4119]

I'm a Filipino, I wanna Understand this badly Hahhahahah

[@soniKumari-fo9jn]

Thnku sr

[@EZClassesfaghsa]

You are always welcome