CSS :: Economic Growth and Development
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Which of the following statements is not correct in the light of the Malthusian theory of growth?
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[A]. |
Growth of income cannot take place on its own | [B]. |
Population tends to increase in response to rise in income
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[C]. |
There can be no general glut or overproduction in the market | [D]. |
Excess savings on the part of capitalists is the cause of overproduction |
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