According to Kuznets (1954), competition will
(a) unfairly destroy leading industries and impede overall economic growth across industries.
(b) require government intervention.
(c) push efficient industries into leadership roles and pull the backward and forward industrial links to these leaders with them.
(d) contract consumer market opportunities.
Question 2
Advances in chemical and biological applications before World War I (19141918) increased agricultural output per acre.
Indicate whether the statement is true or false