This is about economic theories

Neo-Classical Theory Argues that foodstuff is responsible for growth. Demand then supply...economy is found on market based outcomes. Adam Smith with this governing body has its foundations in a supply creats its receive demand principle. For this intellect it emphasizes the monopolistic ambition where each nation specializes in ceratain products to proceeds greater from the economies of scale. It argues that if pains is restricted to the home market, it forget be high follow producer due to size of the market.. 2)Comparative value is a surmisal suggested by David Ricardo that International trade should be based on nations comparative advantages and each country should specialize on their own advantages skills or resources. 3) The fuss with this theory is that it conditions economical growth as a phased, homogenized and undirectional process. It doesnt consider early(a) parts that stool contribute to the development and only see the economy as a progressive proces s. However, the major problem following the theory is that according to the theory, the rich natin will father richer and poor will becom poorer. 4)Dependency theory is more likely a view from a tertiary worlds. This argues that the building of the capitalist strategy in growth countries should be deffrenciated between Western europium from other develop countries today. The reason for this is because the western Europes capitalistic and multifariousness econmoy came from colonization utilise the cheap labor and exploiting the developing countries. at present there is a completely different international environmnet. The 3rd world countries do not dominate the international market, they cannot annex the rest of the world, the industrialized countries already control the world economic system. The international market today, like any capitalist market, kit and boodle to favour the stronger. In other words, the stronger the richer. Third World countries pay from the alre ady industrialized countires, and their econ! omies... If you indispensability to get a ample essay, order it on our website: BestEssayCheap.com

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