The concept of 'Vintage Capital' being incorporated into model of economic growth is associated with
Kaldor is associated with incorporating vintage capital into growth analysis. In this approach, equipment installed at different times embodies different levels of…
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The concept of 'Vintage Capital' being incorporated into model of economic growth is associated with
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Correct answer A
Kaldor is associated with incorporating vintage capital into growth analysis. In this approach, equipment installed at different times embodies different levels of technology, and newer, more efficient equipment can make older equipment economically obsolete.
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Gujarat SET (GSET)