Economy, asked by sanchita8479, 9 months ago

ricardian theory of development​

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Answered by manaskole230305
0

Answer:

Ricardo propounded no theory of development. He simply discussed the theory of distribution. This theory is based on the marginal and surplus principles. The marginal principle explains the share of rent in national output and surplus principle explains the division of the remaining share between wages and profits.

Explanation:

Answered by mishka93
0

Explanation:

here is your answer

  • Ricardo propounded no theory of development. He simply discussed the theory of distribution. This theory is based on the marginal and surplus principles. The marginal principle explains the share of rent in national output and surplus principle explains the division of the remaining share between wages and profits.

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