According to R. Nurkse, the inducement to invest in the context of an underdeveloped economy is limited mainly by the:

Related MCQs

• The basic characteristic of an underdeveloped economy is__________ .
• Two economists have been particularly associated with the formulation of development with surplus labour hypothesis. One is R. Nurkse. Who is the other?
• Which of the following is not an indicator of economically underdeveloped countries?
• Who formulated the theory of circular and cumulative causation which explains the perpetuation of underdevelopment through growing inequalities between developed and the underdeveloped countries?
• When an economy produces more output per capital the economy is said to be having:
• The rate of growth of an economy mainly depends upon ___________ .
• The rate of growth of an economy mainly depends upon:
• The division of labour, according to Adam Smith, is limited by __________.
• According to Lewis’s model, the dual economy grows only when __________ .
• Which sector was emphasised most by Ricardo in the context of economic growth?