Which of the following is inconsistent with Adam Smith’s theory of development?

A. Development process is cumulative in nature
B. There is no limit to the growth process
C. Capital accumulation and market extension are two prerequisites for output expansion
D. There should be no government interference in the working of the economy

Right Answer: There is no limit to the growth process

January 18, 2018   Asghar Khan    Economics  
Total 0 Votes:

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