What is the method that Ricardo made use of ?
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The method that Ricardo made use of was to provide with an economy which is policy oriented.
As per Ricardo model the deductive method came in use.
He believed in the fact that theory was a prerequisite to the concrete analysis of the different policy issues of real world.
He tried to give a solution to the functional distribution of income along with that the shares of yearly output of labor, land as well as capital.
As per Ricardo model the deductive method came in use.
He believed in the fact that theory was a prerequisite to the concrete analysis of the different policy issues of real world.
He tried to give a solution to the functional distribution of income along with that the shares of yearly output of labor, land as well as capital.
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