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Eduncle posted an MCQ
October 20, 2019 • 16:41 pm 0 points
  • UGC NET
  • Economics

Leibenstein in his critical minimum effort thesis treats population as a factor that is

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    Eduncle Best Answer

    The critical minimum effort theory was propounded by Prof. Harvey Leibenstein in his book Economic backwardness and Economic Growth. He discusses that underdeveloped countries are characterized by vicious circle of poverty which keep them around a low income per capita equilibrium state.

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