Compare adma smith theory of development with that of ricardo's?
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#1 Adam Smith
#1 Adam Smithhe believed in the idea of a free economy. 1.The law of self-interest: People work for their own good. 2. The law of competition: Competion makes people come up with a better product
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☑ According to the classical growth theory, economic growth will decrease or end due to an increase in population and the existence of finite resources. Classical growth economic theory was developed by economists during the industrial revolution.
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