Ayushi posted an Question
September 09, 2020 • 16:52 pm 30 points
  • UGC NET
  • Economics

According to ragnar nurkse, the inducement to invest in an under- developed country is limited by : 1. size of the market 2. lack of investment opportunities 3

According to Ragnar Nurkse, the inducement to invest in an under- developed country is limited by : 1. Size of the market 2. Lack of investment opportunities 3. Lack of savings 4. Over consumption

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    Nidhi taparia Best Answer

    The correct answer is (1). According to Nurkse's balanced growth theory, in an underdeveloped country, people's buying power or capacity is small. This means market size is small and hence inducement to invest is limited.

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