Economy, asked by roly6218, 11 months ago

Critically examine the Harrod and Domar Model of growth.

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Answered by peehuthakur
1

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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