Trends in the Productivity in the Ayurvedic Industry in Kerala: Inferences for future

Author Details

Dr. Sunil Kumar S. Menon Assistant Professor and Head Department of Economics, Maharaja’s College, Ernakulam, Kerala

K.V Raju Associate Professor and Head, Department of Economics, Sacred Heart College, Thevara, Kochi, Kerala

Abstract

Industrialization is the most popularly tested antidote for development. The development experience of countries reminds that industrialization has provided the initial stimulus to development all over the world. The earliest form of Industrialization occurred at household levels where households converted inputs into output. As the process advances the system adopts division of labor, employs more capital, undertakes innovation and proceeds towards mass production. If we observe the stage of industrialization of different countries all over the world, it is found that it is not balanced within a country and between countries.

Please cite this article as: Dr. Sunil Kumar S. Menon (2014). Trends in the Productivity in the Ayurvedic Industry in Kerala: Inferences for future  International Journal of Recent Research and Applied Studies, 1, 7(34), 135-142.