Question

The concept of 'Vicious Circle of Poverty' is related to:

  1. Karl Marx
  2. Nurkse
  3. Adam Smith
  4. None of the above

Answer:

Option B: Nurkse

Detailed Solution:

The correct answer is “Nurkse”.

The concept of the "vicious circle of poverty" is related to Ragnar Nurkse, an economist who introduced the theory in 1953.