Critical minimum effort theory biography

Critical minimum effort theory

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Who is Critical minimum effort theory?

The critical minimum effort theory has been given by Harvey Leibenstein, in his book Economic Backwardness and Economic Growth. This theory relates to overpopulated and underdeveloped or developing nations such as India and Indonesia.This theory is based on Malthusian theory of population.

This theory is one of the balanced growth theories. In this theory Leibenstein essentially talks about how large doses of investments in an economy can help the economy in development.

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"Critical minimum effort theory." Biographies.net. STANDS4 LLC, 2021. Web. 19 Jun 2021. <https://www.biographies.net/biography/critical-minimum-effort-theory/m/0h56h23>.


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on July 23, 2013

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