development

development

Market Model: In this model, it is held that all societies undergo changes from traditional, transitional and modern stages of development. Some of its features include:  It regards political development as the condition of economic development.  It supports the autonomy, rights and self-interest of the individual as the basis of all development.  It stands for rapid industrialization, technological advancement, modernization, full employment and continuous process of liberalization of society, economy and polity. The goods of development are to be achieved on the basis of free market economy, competitiveness and all-round individual development. It believes in the principle of leaving the economy under the competitive policy of non-intervention and demand suppl

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Market Model supports------

Welfare State Model:

The welfare model of development accepts and strongly advocates the role of state in economic sphere for promoting the socio-economic welfare and common interest of the society. It conceptualises the state as a welfare state and advocates the state planning and organised efforts as essential conditions for rapid industrialisation, economic growth, and socioeconomic development. The welfare state can provide various types of social services for the people like education, health, employment, social security and public distribution system. Under this model, the State acts as the key agency for promoting desired social change and development. It takes special steps for protecting the weaker sections of the society. Welfare State protects all social, economic and political rights of all the people and in turn the people are expected to act in a socially responsible way

Under this model, t-------as the key agency for promoting desired social chan