Economy, asked by gurkiratk837, 2 months ago

According to harold-domar model, economic growth is a result of abstention from consumption. Using the model itself explain why and the problem with the statement

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Answered by peehuthakur

0

Answer:

The Harrod–Domar model is a Keynesian model of economic growth. ... It suggests that there is no natural reason for an economy to have balanced growth. The model was developed independently by Roy F. Harrod in 1939, and Evsey Domar in 1946, although a similar model had been proposed by Gustav Cassel in 1924

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