Discussion
According to Leibenstein, the favourable conditions in the path of Economic Development are known as :
Answer: D
Leibenstein called them growth agents.
In his critical minimum effort thesis, Harvey Leibenstein argued that an underdeveloped economy needs a big enough initial stimulus to escape the low-income equilibrium. He distinguished growth agents (such as entrepreneurs, investors and innovators, and the activities that expand output) from zero-sum and negative-sum activities that do not raise national income.
Incentives, capital and 'positive factors' are part of the discussion, but the named concept for the favourable forces is growth agents.
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development