The normal condition of a capitalist economy in classical theory is:

Related MCQs

• Which of the following is not an assumption of classical theory?
• In classical theory the equality between saving and investment is brought about by:
• In classical theory of employment, there is the possibility of:
• According to classical economists, variations in savings are due to:
• According to Classical economists, _ is the reason for a country to specialie in the production of a commodity
• The classical economist Adam Smith was a champion of _ .
• H-o Theory s based on value theory.
• What does the term Gross investment mean while denoting a nation's economy?
• What does the term free-market denote in terms of economy?
• In a market economy: