Which of the following statement is/are true?
A. Schumpeter's development theory is based on three economic factors like circular flow, innovation and crises
B. The doctrine of Balanced Growth requires balance in Demand, Supply and Sectorial Balance
C. The actual growth rate in Harrod Model is determined by two factors that is saving-income ratio and capital-output ratio
D. Big Push approach is given by Ricardo
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Theories of development has come up 59 times in 6 exams since 2010.
This question is on The big push, balanced growth and the vicious circle, part of Theories of development in Economics of Growth and Development.
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