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What are the importance of Karl marx,Adam Smith's and W.W Rostow theories in economic development?

What are the importance of Karl marx,Adam Smith's and W.W Rostow theories in economic development?

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Jim
-Karl marx describes economic development through capitalism where he means that production is privately owned.
-Adam smith is known for his economic theory of compensating theories through payment of high wages to attract more people to the unwanted jobs.
-W.W Rostov theory talks about how developing countries can develop through following developing process.
jim items answered the question on December 6, 2018 at 17:55

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