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What are the importance of Karl marx,Adam Smith's and W.W Rostow theories in economic development?

      

What are the importance of Karl marx,Adam Smith's and W.W Rostow theories in economic development?

  

Answers


Jim
-Karl marx describes economic development through capitalism where he means that production is privately owned.
-Adam smith is known for his economic theory of compensating theories through payment of high wages to attract more people to the unwanted jobs.
-W.W Rostov theory talks about how developing countries can develop through following developing process.
jim items answered the question on December 6, 2018 at 17:55


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