Question

compare and contrast between the Ramsay model for central planner and sollow model of for economic growth​

Answer 1

Answer:

The Ramsey model also known as Ramsey Cass Koopmans model or Ramsey growth model is a model, which have the difference with the Solow model on the basis of consumption, which leads to increase in the accumulation of wealth, and enhances savings.

Explanation:

Both models are the models of an economic growth curve, and they are built as a solution of making utmost profit and savings,out of the business which is being conducted, by the follower of these models.

Answer 2

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