Question
Arrange the following growth economists in chronological order of when they proposed their theories. A. Harod B. Schumpeter C. Rostow D. Solow
The correct answer is
B, A, D, C
The sequence is Schumpeter → Harrod → Solow → Rostow, or B,A,D,C. Schumpeter’s early theory centred on innovation and entrepreneurship; Harrod’s growth model appeared in1939, Solow’s in1956, and Rostow’s The Stages of Economic Growth book in1960.
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Important Questions from Economy
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What was one of the major characteristics of India's economy at the time of independence in 1947?
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