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Building a Socialist Society

Who defined e...

Question

Who defined economic development to be a process whereby an economy’s real national income increases over a long period of time?

A

Promit Chowdhury

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B

Prof. Todaro

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C

A. Bonne

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D

Meier and Baldwin

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Solution

The correct option is D
Meier and Baldwin

Economic development has been defined in different ways. The definition based on the three ingredients of economic development was given by Meier and Baldwin.

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Similar questions

Q. Prof. Meier and Baldwin defined as a process whereby an economy's real national income increases over time.

Q. Who defined economic development as a process by which an economy's real national income increases over a long period?

Q. Which of the following is not a part of the definition of economic development given by Prof. Meier and Baldwin?

Q. Who gave the following statement?
"Economic Development is the process by which an economy is transformed from one whose rate of growth of per capita income is small or negative, to one in which a significant self-sustained rate of increase of per capita income is a permanent and long term feature".

Q. State whether the following statements are true or false.

1. Economic development is not so important for a country like India.

2. Economic growth means increase in real national income.

3. Economic development involves only economic growth.

4. Economic development is a smooth and simple process.

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