A.When the market demand is sufficiently large
B.When the market is small
C.When the market is neither too small nor too large
D.Urder all types of markets
According to Adam Smith the division of labour contributes to development: Read More »
A.Adam Smith
B.Marx
C.Marshall
D.All the above
Who considered saving as a necessary condition for economic development? Read More »
A.It leads to an increase in dexterity among workers
B.It leads to reduction in production time
C.It leads to invention of better machines and equipment
D.All the above factors
According to Adam Smith the division of labour contributes to development because: Read More »
A.Adam Smith
B.Malthus
C.Ricardo
D.None of the above
A.Marx
B.Ricardo
C.Adam Smith
D.None of the above
Which thinker built up theory of development around theory wages and rent? Read More »
A.Land, labour and capital
B.Labour, capital and technology
C.Technology and capital
D.Labour and technology
A.Adam Smith
B.Herbert Spencer
C.Karl Marx
D.All the above
Which writer attributed the growth of social products to division of labour? Read More »
A.Adam Smith
B.Ricardo
C.Malthus
D.Marshall
Which writer was not associated with the classical theory of development? Read More »
A.The form of government
B.The legal system
C.Standards of education and health
D.All the above
A.Providing labour force
B.Consuming the products
C.Neither of the above
D.Providing labour force as well as consuming products
Population contributes development by Read More »
