The classical theory of economic development is of relevance for the less developed countries today because it lays emphasis on .
A)Need for favourable institutional and social initiatives
B)Extension of markets
C)Capital accumulation
D)All of the above

Question

Quizplus · Accepted Answer

The classical theory of economic development is relevant for less developed countries today because it emphasizes the need for favorable institutional and social initiatives, the extension of markets, and capital accumulation, all of which are crucial for economic growth and development.

The Classical Theory of Economic Development Is of Relevance for the Less