2696Political ScienceMedium
The chief defect of the neo-Classical theory of development is: ________?
AIt completely ignores the importance of interest as a factor in establishing equilibrium between supply of savings and demand for capital
BIt refused to consider development as a gradual and continuous process
CIt completely ignores factors like political stability and attitudes of people
DIt attaches too much importance to factors like political stability and attitude of the people
Correct answer
C. It completely ignores factors like political stability and attitudes of people
Explanation
The correct answer is It completely ignores factors like political stability and attitudes of people.