The synchronized application of capital to a wide range of different industries is called __________ by its advocates?
Correct answer: A. balanced growth
- A. balanced growth
- B. capitalization
- C. elasticity of capital
- D. indivisibilities
Explanation
Balanced growth means applying investment simultaneously across a broad range of industries so that each sector creates demand for the others. Capitalization refers to valuing or accumulating capital, not this coordinated development strategy.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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