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ECONOMIC TRENDS
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section ii-ECONOMIC PROSPECTS
Introduction.
This section of the chapter is devoted to the discussion of economic resources
of the district and the prospects of their future development. However, it is to
be noted here that there cannot be any regional or inter-regional or district
planning. Any such planning has to be considered in a national perspective. This
section examines to what extent the district can contribute towards national
development under a planned economy.
Economic development of any region is determined by natural as well as
extraneous factors. Natural resources like fertile land, abundant water-supply,
minerals, man power, rich forests, are the prerequisites of the process of
development. However, these are to be exploited with the application of external
factors such as capital, machinery and skilled labour, improved techniques of
production, transport facilities, etc. All these factors of production, both
natural and extraneous, must he planned in such a way as to get the optimum
results from their combination.
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