Examlex

Solved

Explain How the Catch-Up Theory Depends Upon Diminishing Returns to Capital

question 33

Essay

Explain how the catch-up theory depends upon diminishing returns to capital, the adaptability of technology, and the free, riskless flow of investment funds.


Definitions:

Jean-Jacques Rousseau

An 18th-century Genevan philosopher, writer, and composer known for his influential ideas on education, society, and politics, which emphasize natural human goodness and the corrupting nature of civilization.

John Locke

A 17th-century English philosopher and political theorist known for his contributions to liberal theory and the concept of natural rights.

Organic Analogy

A concept where societies are compared to biological organisms, highlighting how different parts of a society must function together for overall health and survival.

Social Programs

Government-initiated policies and services designed to improve the welfare of the population, covering areas such as health, education, and social security.

Related Questions