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What are Rostowís assumptions?
Assumptions of Rostowís:
• Economic development procedure is universal which is all countries whether within Africa or Asia go by the same series of linear stages onto the way to modernity
• For Europe what worked there after the war will work for all developing countries.
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Ask question different between Marginalism & incrementalism #Minimum 100 words accepted#
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theory of profit maximisation
demand and supply curve for luxury goods
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