Introduction

ECONOMIC THEORIES| ADVOCATE| DESCRIPTION| | Spengler (1932)| Economic development is a natural thing that grows, buy the farms and dies in an existing culture.| | Herbert Spencer| As inn evolves and increases in complexity, roles and functions become specialized, resolvinging in economic development.| | tour smith| As individuals seek their own personal goals, inadvertently they arouse what is best for each.| | Anthropologists| Development takes place as a result of contact between the less genuine and much developed economics, with the latter influencing the former. | | Hitler| Certain racial characteristics make both(prenominal) countries remote more developed than others. | | Germans| Some races are top-flight to others which modify them to promote development.| | | A French word which direction economic freedom and which advocates the non-interference of organisation in economic activities and give efforts plainly to education, justice and public w orks. | | | The need to conform to original neighborly and cultural values and to satisfy certain mental requires, leads to the makeup of a set of values associated with entrepreneurship.

| | Ellsworth Huntington (1915)| Extremes of temperature and rapid changes of mood arrest negative effects on the energy levels of people, then modify their pace of development. | | A.J. Toynbee (1947)| The proper combination of geographic (natural) phenomena and socio-psychological compact of stimuli is answerable for the rise of civilization and economic development.| | | During an economic depression, the governm ent should put down up labor intensive proj! ects to perplex employment in arrangement to increase the demand for goods and go and production that volition enhance economic development. | | | As a rational live creature, man actively responds to opportunities in the purlieu because he /she sees all the advantages that he/she will personally summation in doing so. | | David Ricardo| The key...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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