It takes the average reader 1 hour and 25 minutes to read Methods of Project Analysis by Deepak Lal
Assuming a reading speed of 250 words per minute. Learn more
Alternative project selection procedures for less developed countries are compared and evaluated. Substantive differences among alternative procedures are in large part dependent upon differing assumptions about the economic environment in which the investment decisions are being made. In principal, since project selection procedures are based on theoretical welfare economics, most project selection procedures are equivalent. Thus, one of the basic results of the project selection procedures is that, in a perfectly competitive economy, allocation of resources on the basis of market prices of goods and factors results in Pareto optimality for a given income distribution. In other words, market prices of goods and factors would equate the marginal social cost of producing with the marginal social value of using the relevant goods or factors. However, to the extent the selection procedures operate where the perfectly competitive paradigm does not hold, market prices will no longer indicate the social costs and benefits of using and producing different commodities. The existence of trade distortions seriously interferes with the perfectly competitive paradigm. Judgments must be made regarding future trade control systems.
Methods of Project Analysis by Deepak Lal is 84 pages long, and a total of 21,336 words.
This makes it 28% the length of the average book. It also has 26% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 56 minutes to read Methods of Project Analysis aloud.
Methods of Project Analysis is suitable for students ages 10 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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