Economic Development with two Bulls

It was almost a year back when I depicted how a poor student fails in exam although the sitting arrangement was between two of the top ten students. The reasons were: neither the student had the ability to copy the same answers nor had the ability to customize the answer as per the need. It is absolutely a pity as no friend will keep telling you answer during the whole exam, rather it is oneself who has to decide as soon as possible if she can make efficient strategies not only to pass the exams but also to set standards of own.

Here, lets see how development will work out with two bulls after we experimented once with students in an examination hall. Imagine an agricultural land which is cultivated with the assistance of two bulls. The first thing that is to be remembered is that plough cannot be used without two bulls and they have to complement each other for the efficient production. If the two bulls do not complement each other, the whole land cannot be ploughed and the owner has to suffer. If the bulls complement well, the ploughing of land is good and thus, the production increases, usually making the owner of the land better off. But what happens when one of the bulls is faster than the other, the imbalance created has to be managed by the plough itself. And, at this point of time when the technology has developed and most of the things are mechanized, it is the system, mostly technical, that has to balance the role of two bulls. It is not only production that the bulls will help to; the marketing can also be made efficient by the bulls. The farmer who has two bulls will definitely use them for the bull-cart that will take his/her production to the market. The revenue generates of it which can be re-invested into his/her production cycle that might either make him capable to increase the production or in the long run purchase more land to facilitate the production. If the two bulls do not complement each other while taking the products to the market, the result can easily be a loss which will add more burden to the overall supply chain of the product.

A simple thought of the capitalist might be to sell one of the bulls and buy a cow against it so that the herd multiplies to generate revenue with multiplier effect but the situation does not always remain as easy as it looks like. Rather than changing the capital structure for the revenue generation, governance has to be efficient enough to extract the best out of the two bulls available which will ultimately maximize the output, no matter whichever is dominant.

Note: This article was published in THT Perspectives of 16 November 2014.