The division of labour, according to Adam Smith, is limited by __________.

Related MCQs

• Which of the following is inconsistent with Adam Smith’s theory of development?
• According to R. Nurkse, the inducement to invest in the context of an underdeveloped economy is limited mainly by the:
• Development with unlimited supplies of labour hypothesis was originally formulated by __________.
• Two economists have been particularly associated with the formulation of development with surplus labour hypothesis. One is R. Nurkse. Who is the other?
• Which one of the following, according to Ricardo, would form a bottleneck to economic growth?
• According to the Schumpeter's model, the innovating entrepreneurs get the necessary finance from__________.
• According to Lewis’s model, the dual economy grows only when __________ .
• According to the supply side of the vicious circle theory of development a country is poor because .
• According to the human capital view of education __________.