What is modern approach to economic development?
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The Modern Approach
Modern theory of economic growthfocuses mainly on two channels of inducing growth through expenses spent on research and development on the core component of knowledge innovations.
Explanation:
These approaches are: the linear stages ofgrowth model, theories and patterns of structural change, the international dependency revolution, and the neoclassical theories. The term economic development is a term that economists, politicians, and others have used frequently.
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morden economic growth focou on two channels includin growth through expenses on research and development of core components.. r u satisfied mark me as brilliant
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