3 years ago

The underlying assumption of the harrod-domar growth model is that

1 answer:

4 0

The underlying assumption of the Harrod-Domar growth model is that Growth is mainly determined by capital accumulation through savings

The Harrod-Domar model is a model of economic growth.<span> According to the Harrod-Domar model, economic growth depends on two important factors, the saving ratio and the capital output ratio.</span>

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