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- Subject
- Theories of Economic Developmenteconomics-mcqs › theories-of-economic-development
- Published
- 27 May 2019
- Last updated
- 28 May 2026
Explanation
According to the supply side of the vicious circle theory, a country stays poor primarily because its historical poverty limited its capacity to save and invest, which in turn hampers economic growth and development.
More Theories of Economic Development MCQs
Practice related questions from the same subject.
- 1.What is the fundamental distinction between capitalism and socialism?
- 2.According to Baran, what factors contribute to the underdevelopment of Asia, Africa, and Latin America?
- 3.What does the acronym OECD represent?
- 4.According to Rosenstein-Rodan, where does a significant indivisibility primarily exist?
- 5.What does the Vicious Circle theory suggest about poverty?
- 6.Which factors contributed to the decline of feudalism?
- 7.Which of the following concepts were supported by Adam Smith?
- 8.Which of the following best describes the characteristics of a theory?
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