Explain in detail the thought of David Ricardo on economic growth and theory. What is the difference between economic growth and economic development? Discuss Adam Smith's thoughts... Explain in detail the thought of David Ricardo on economic growth and theory. What is the difference between economic growth and economic development? Discuss Adam Smith's thoughts on the division of labour and capital accumulation. Explain the concept of human capital and human development and its role in economic development. Discuss Karl Marx's thoughts on economic growth, including evaluation, limitations, and surplus value. What is the concept of sustainable development? Explain globalization and liberalization: effects, roles, advantages, and disadvantages. What are the concepts of human development and trends of human development index? Evaluate the price mechanism working in free and planned economies. Which price mechanism is superior in planned economy comparison to free economy? Discuss the growth model of Lewis in the context of unlimited supply of labour and its limitations. Explain human resource development: methods, index, and development. What are the preconditions for economic development? Describe the state monetary indicator of economic development. What is the gender-related development index? Discuss the models of Rostow and Harrod donor, including their limitations. Read more