Match List I and List II: List IList II (a) Organic composition of capital (1) Marx (b) Innovation (2)…
The correct matches are organic composition of capital with Marx, innovation with Schumpeter, natural law with Adam Smith, and unbalanced growth with Hirschman. These…
Choose your answer
Match List I and List II:
| List I | List II |
|---|---|
| (a) Organic composition of capital | (1) Marx |
| (b) Innovation | (2) Adam Smith |
| (c) Doctrine of natural law | (3) Hirschman |
| (d) Doctrine of unbalanced growth | (4) Schumpeter |
Answer and explanation
Correct answer D
The correct matches are organic composition of capital with Marx, innovation with Schumpeter, natural law with Adam Smith, and unbalanced growth with Hirschman. These associations distinguish their contributions to theories of capital, development and economic organisation.
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Himachal Pradesh SET (HP SET)