i need theories of economic growth and development..
please..please..help me!
tnx!
2007-10-16 00:54:09 · 3 answers · asked by >miSs.a< 2 in Social Science ➔ Economics
The first economist that looked at the problem thought that lack of growth was due to rapid population grow that out-striped production. Capital accumulation, technology change, innovation, and human capital improvement have all been suggested as the sources of economic growth and each has a theory attached. see for details.
http://en.wikipedia.org/wiki/Economic_growth
2007-10-16 03:11:43 · answer #1 · answered by meg 7 · 0⤊ 0⤋
You want economic theories or general laws of wealth? If you want the latter, I will tell you that there are three general laws of wealth. 1) Law of Conservation 2) Law of Equilibrium and 3) Law of Mass Action of chemical reactions.
If economics is defined as study of nature, properties, composition laws and classification of wealth the three laws I have mentioned here assume great importance. You can write to me any time about the details of these laws.
2007-10-16 08:53:17 · answer #2 · answered by bvgopinath2001 4 · 0⤊ 0⤋
1) Law of equi marginal utility
2) Law of marginal utility
3) Law of marginal productivity theory of distribution
4) demand & supply theory
and many more theory are there
I can't count . these are initial theory.
2007-10-16 09:13:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋