Economy, asked by zorinpuiizorinpuii62, 1 month ago

difinition of classical Theory of interest ? One page

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Answered by ItzUrJannat001

Answer:

In the classical theory, interest is defined as reward for the use of capital and the rate of interest is determined by the demand and supply of capital. The supply of capital is a positive and the demand for capital is a negative function of the rate of interest.

@ItzUrJannat001

Answered by ashauthiras

Answer:

In the classical theory, interest is defined as reward for the use of capital and the rate of interest is determined by the demand and supply of capital. The supply of capital is a positive and the demand for capital is a negative function of the rate of interest.

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