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how effective neoclassical economics theory in our present time?
Neoclassical economics theories underlie modern-day economics, along with the tenets of Keynesian economics. Although the neoclassical approach is the most widely taught theory of economics, it has its detractors
Neoclassical economics is primarily concerned with the efficient allocation of limited productive resources.It also considers the growth of the resources in the long term,which will allow for expanding the production of goods and services.
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