Question

Define Balanced Growth​

Answer 1

Answer:

The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse. The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously.

Answer 2

Answer:

hey mate

Explanation:

Definition of balanced growth: Balanced growth refers to a specific type of economic growth that is sustainable in the long term. It is sustainable in terms of low inflation, the environment and balance between different sectors of the economy such as exports and retail spending.

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