Slide 1 Objectives today Discuss how potential sources of growth are used in theories of economic development Slide 2 Economic Growth and Development Theories Classical model…
Labor Markets The Human Input Wage Determination in Competitive Markets Wages=price of labor In a free labor market, wages would be determined by supply and demand Labor…
Objectives today Discuss how potential sources of growth are used in theories of economic development Economic Growth and Development Theories Classical model Growth stage…