Tools and Techniques of Development Planning
The tools and techniques of planning refer to those quantitative and qualitative methodology, measures and analysis that are made in comparison, assessment and in choice in the planning process. 1. Capital -Output-Ratio (COR) The concept of capital-output ratio (or capital coefficient) expresses the relationship between the value of capital investment and the value of output. It refers to the amount of capital required in order to produce a unit of output. When the capital-output ratio in the economy is said to 5:1, it implies that a capital investment of Rs. 5 crores is essential to secure an output (income) worth Rs 1 crore. It may thus be defined as "given relationship between the investments that are to be made and...