Theories of Economic Development

Theories of Economic Development

I- the migration of serfs to the town
II- factory competition with handicraft and manorial production
III- expanded transport trade, discovery and new international markets
IV- the rise of the business corporation

A. I and II only
B. II and III only
C. I, II and III only
D. IV only

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I- is a systematic explanation of relationships between economic variables
II- explains causal relationships among variables
III- provides a basis for policy
IV- provides an explanation of all factors influencing economic growth.

A. I only
B. I and II only
C. I , II and III only
D. IV only

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