Theory of Smiths - Economic Development

Theory of economic development by Adam Smith relies upon a ________ to kick-start the process, and subsequently _________ to continue this. (w) higher wages./ the wages fund. (x) division of labor/ higher wages. (cy) explosive population development / economies of scale. (z) division of labor / capital accumulation.

Hey friends please give your opinion for the problem of Economic that is given above.

View Complete Question

Related Questions in Public Economics

Q : Explain about the term Profits in

Profits: (w) are interest on human capital. (x) are an unfortunate consequence of capitalism. (y) burden the economy and decrease efficiency. (z) are monetary rewards to entrepreneurs. Can someone explain/help me w

Q : When is Self-interest evident How can I

How can I solve my following problem? Please suggest me the correct answer. Explain reason Self interest is evident while: (i) A mugger utilizes a $1 bullet upon his victim to take $100 by his wallet. (ii) Helen cr

Q : Rational behavior in Economic Reasoning

Please help me to solve the problem of Economic Reasoning that is given below: Rational behavior should be: (i) Consistent along with reaching an identified goal. (ii) Ethical behavior. (iii) Good

Q : With whom is Economists LEAST concerned

Economists are LEAST related along with the: (w) gains and losses from changes in government policies. (x) adjustments people make when tax structures change. (y) causes of inflation and unemployment. (z) ethics of political campaigning.

Q : Potentially allocated lower prices in

Whose lives are potentially allocated lower prices while a drunk decides to drive home without waiting to sober up?

Q : Allocative mechanisms of Economic

Economic systems (example: capitalism versus socialism) are mainly distinguished by their relative reliance on alternative allocative mechanisms, and particularly by: (1) Who builds major economic decisions and who owns non-human resources. (ii) The level of inequalit

Q : Building blocks for a capitalist system

Building blocks for a capitalist system comprise: (i) supplies and demands. (ii) private property rights. (iii) laissez-faire policies. (iv) market-determined prices and outputs. (v) All of the above.I need a good answer on the topic of Economic problems

Q : Comunity engagement and education

identify the modes employed in the management of comunity ECD programes in your community and explain them in the following lines 1 sole proprietorship and corporation 2 NGO mode 3 donor managed and ommunity owned

Q : Governmental allocations of goods I

I have a problem in economics on Governmental allocations of goods. Please help me in determining the accurate answer of the following question. Pure capitalism is least reliable with: (i) Governmental allocations of goods. (ii) Laissez-faire policies

Q : Ratios of proportional changes in

he ratios of proportional changes within related variables are expressed numerically termed as: (1) interdependency coordinates. (2) best linear unbiased estimators (BLUE). (3) elasticity coefficients. (4) relative betas. (5) beta feedback estimates.

Discover Q & A

Leading Solution Library

Avail More Than 1453133 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1949373
Asked

3,689

Active Tutors

1453133

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment