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Question

"Larger the volume of saving, larger the size of capital, smaller the volume of saving, less is the size of capital." Who said this?

A
Prof. Marshal
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B
Peterson
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C
Adam Smith
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D
Benham
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Solution

The correct option is A Prof. Marshal
The economy falls into a growth cycle-more savings lead to more investment, thus large capital availability in an economy, which will further lead to the upliftment of an economy. Prof. Marshal remarked this thought.

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