The Model of the Economic Landscape Balance - The objections
[1] The Introduction
What could be the objections to the model of the economic landscape propounded by Swaamee Aprtemaanandaa Jee?
[2] The Exposition
There could be many objections to the model of the economic landscape propounded by Swaamee Aprtemaanandaa Jee.
The Objections:
The model of the balance of the economic landscape may be found highly objectionable in view of its emphasis only on the quantitative aspects of different activities, i.e., number of human population employed in each. It may be pointed out that it ignores the qualitative aspects like scientific and technological advancements and their impact on development of a particular economic activity.
For example, it is generally observed that a proportionally large number of population engages in primary activity of agriculture in developing and underdeveloped countries compared to other activities. Yet, contribution in productivity per head in agriculture measured in terms of market value of primary products is less compared to the productivity per head in secondary or tertiary activities.
On the other hand, a very small population takes to agriculture in developed countries as compared to other activities. Still, this small population is able to give substantial higher contribution per head in terms of agricultural productivity. This difference can easily be explained in terms of various factors like advanced technology, agricultural methods, etc., employed in developed countries.
So, one may argue that the model of the balance of economic landscape is invalid, as it ignores qualitative aspects as mentioned above. However, a further look into the model reveals that it still is valid, if we consider qualitative aspects associated with each economic activity in addition to the quantitative aspects of human labour force.
Therefore, we may further refine the model by stating that an economic landscape is perfectly balanced, if contribution by each economic activity is perfectly balanced, if contribution by each economic activity is proportional in terms of equal output by each worker irrespective of the type of activity undertaken.
For example, in a hypothetical case, 5 workers each may be employed in secondary, quaternary, quinery activities, 6 workers in primary and 4 in tertiary activities. Now, if each worker contributes equally a product of the same worth/monetary value, the resultant economic landscape may be said to be an ideally balanced one.
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