The classical theory of economic development is of relevance for the less developed countries today because it lays emphasis on .

Related MCQs

• To achieve full economic growth, Malthus laid special emphasis on the proper combination of__________.
• Who formulated the theory of circular and cumulative causation which explains the perpetuation of underdevelopment through growing inequalities between developed and the underdeveloped countries?
• Myrdal builds his theory of economic development around the idea of__________ .
• According to the supply side of the vicious circle theory of development a country is poor because .
• Economic development is characterized by
• Which of the following explains the term economic development?
• Besides increase in output, economic development is concerned with:
• Economic development refers to __________.
• Economic development means__________.
• Economic growth is important because __________.