Question

Adam smith theory of development compare and contrast with recardo?

Answer 1

Answer:

hey mate here is your answer.

✌❤#⃣✌❤#⃣✌❤#⃣

Explanation:

There are three main claims in this paper: First, there is sufficient evidence for affirming that Ricardo adhered to Smith's productivity theory; second, Ricardo's original demonstration of the comparative-advantage proposition is indeed compatible and complementary with respect to the latter; and third, Ricardo agreed ...

#⃣❤✌#⃣❤#⃣❤

Answer 2

Answer:

☑ It is the pivot around which the theory of economic development revolves. The growth is functionally related to rate of investment. According to Smith, “any increase in capital stock in a country generally leads to more than proportionate increase in output on account of continually growing division of labour”.