Which of the following economists did not regard the process of economic development as automatic?
Robert Malthus did not treat economic development as an automatic process. His concern about insufficient effective demand allowed for stagnation even when productive…
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Which of the following economists did not regard the process of economic development as automatic?
Answer and explanation
Correct answer B
Robert Malthus did not treat economic development as an automatic process. His concern about insufficient effective demand allowed for stagnation even when productive resources and saving were available.
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Tamil Nadu SET (TNSET)