Concept of Accelerator in Hindi

In continuation of the previous video, concept of Multiplier, this video discusses about the concept of accelerator.
The concept of accelerator was not taken into account by Keynes, basically it has become popular after Keynes, especially in the discussions of theories of trade cycles and economic growth.
The multiplier and the accelerator are not rivals, they are parallel concepts, but acceleration principle describes the effect quite opposite to that of multiplier.
The multiplier refers to the phenomenon whereby a change in an injection of expenditure (either investment, government expenditure or exports) will lead to a proportionately larger change (or multiple change) in the level of national income
Whereas, the accelerator principle states that changes in the level of current income, leading to changes in output of consumer goods, will lead to proportionately greater, or accelerated changes, in the output of capital goods, i.e. investment.

Concept of Multiplier in Hindi:
   • Concept of Multiplier in Hindi  

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