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Nelson Low Level Equilibrium Trap
SUBJECT : Economics of Development and Growth
AUTHOR : KSOU
PUBLISHED ON : 05/07/19
NUMBER OF PAGES : ( 8 Pages)
PRICE : Rs 4

The theory of Low Level Equilibrium Trap has been developed by R.R. Nelson for underdeveloped countries. It states that when per capita income increases above the minimum specific level, population tends to increase.


 
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