Hawtrey’s theory of business cycle

[@socialsciencebyvishwajeet796]

Q2 In Adam smith theory division of labour is necessary because of Size of market or capital accumulation

[@economicsinnumbers6860]

As per my knowledge, division of labor is necessary because of the size of the market. However, capital accumulation also supports division of labor but the immediate factor is market size.

[@socialsciencebyvishwajeet796]

Hello ma'am in which stage of rostow economy become self sustained?
Take off or Drive to maturity or high consumption stage

[@economicsinnumbers6860]

Hello... it's the Drive to maturity stage.