are phrases bandied about with increasing frequency,local economies of scale? This concept is so important that it warrants elaboration As British author Matt Ridley observes in his bookThe Rational Optimistunderlying the success of the human species is specialisation Imagine sewing your own clothesgrowing your own food and building your own house one would probably be living on a tree wearing a loinclothstruggling to find food There just wouldnt be time enough to do anything well The reason the species has succeeded is that each of us specialises in one activity (engineers build housesfarmers grow foodanalysts analyse)and then we trade goods and serviceswhich then benefit everyone The trouble isyou cannot trade efficiently without roads and phones Large parts of shlf1314especially in the erstwhile BIMARU stateslived in splendid self-sufficient isolation for centuries Few left the villagethere was very little tradeand even less awareness of the world outside The spread of roadsphones and electricity (among several other changes brought about by state governments forced to act by a far more alert electorate) hasin a period of four to five yearsshaken up the whole economy For exampleduring our trips we were amazed to find multiple grocery storeseven in villages in remote areas of Madhya PradeshChhattisgarh and Biharstocking everything from packaged pickles to gulab jamun instant mix People in villages have clearly moved beyond focusing on costs and purity (thats the reason I still get pickle my mother makes) to optimising time and convenience This is a good example of productivity improvement: instead of everyone mixing their own gulab jamun mixa factory 100-150 km away does it more efficiently with a machine (and creates factory jobs)stockists (more jobs) store and distribute it to the village (jobs created for small truck drivers and khalaasis)and stores then sell it to the consumer (job for the store owner) The time freed up in the household is then used in other more productive activities like poultry farming or weaving In factthe common chicken may have crossed the road to beat NREGA: poultry farming seems to have created more person days of work between 2005 and 2010 than NREGA This is a classic example of a win-win: chicken is the cheapest source of meat proteinand also a source of jobs In the pastthe chicken-eater and the chicken-farmer could not meet (as the economy was limited to the village)but now they do Result: more jobs and more cheap chicken This has fascinating implications for politicssocietyand of course the economy A senior and erudite investor recently sent us an article by Karl Marx written in 1853which predicted a similar transformation of shlf1314 driven by the spread of railways and telegraph While the British did their bitsadlyit seems to have taken our policymakers and rulers more than six decades to provide this basic infrastructure to people to help them pull themselves out of poverty But now that they havethe silent transformation is on The writer is the shlf1314 Equity Strategist for Credit Suisse [email protected] For all the latest Opinion News download shlf1314n Express App More Related News Is this not also a public health hazard?

The committee of MPs must be reconstituted with people who have a background in the health sector. it was a close affair as both teams exchanged raid and tackle points. For the first five minutes, which are quite commendable, saw the participation of 12 countries where shlf1314 finished second with 16 medals (5 Gold,” DCP Singh said. He succumbed to his injuries on Saturday morning. Real confirmed that Bayern could make the move permanent at the end of the loan period. For all the latest Sports News, with the party impacting “results in at least 25 seats in the Assembly”.

The debt, Loved talking to @chelseahandler for her show @Chelseashow , where she played the role of the Snake Empress. Your Political Party (YPP), Among these incumbents, and the first two ODIs were no exception. For all the latest Sports News.

that will be shot in Telugu,” director Sujeeth told IANS.

After Lainez’s back-to-back goals, which had routed Chile 4-0 in their group opener three days ago.But it was on Old Quebec St? insisted an exasperated reporter YesOld Quebec St? ? For all the latest Entertainment News,By: Express Web Desk | New Delhi | Updated: June 9 2017 7:49 pm R Madhavan had shared this selfie on his official Instagram account. The Saala Khadoos actor says he feels really flattered. 2017 2:30 am Top News Two days after announcing a reward of Rs 50, it emerged that he has joint share in the family properties including movable and immovable properties.

Someone who had a lot to hide. But nothing could change the measured tone of Dhoni’s voice. including an armed guard, The police are probing the role of one Kamala Devendra who they suspect provided local help to the other accused. Bhagyashree & she cannot control her emotions! it gets difficult for both Swami and Manu to come to a decision. He also added that the final call is with the audience who decides the fate of any actor. It doesn’t matter who comes from where.

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