Economy, asked by amaanjaved1065, 1 year ago

Write short notes Meade’s Growth model.


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Answers

Answered by khushi769
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Meade's Model of Economic Growth (With Diagram)

Meade states three principles on which the economy grows. ...

In constructing his growth mode, Prof. Meade assumes following assumptions:

In such an economy, the net output depends upon following factors:

This can be put as follows:

There are three ways to increase the volume in Y

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