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To achieve full economic growth, Malthus laid special emphasis on the proper combination of:
Labour and technology
Production and trade
Malthusian theory of population is based on the theory of differential rent in which he emphasized the law of diminishing returns in agriculture. Population growth increases wealth only if it increases effective demand and it is the increase in effective demand which leads to increase in wealth.
By: Barka Mirza ProfileResourcesReport error
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