Prevalence of different technologies only in the agricultural sector in UDCS

Use of different production functions in the advanced sector in UDCS

Use of different production functions in the advanced and traditional sectors in UDCs

Use of different production functions only in industrial sector in UDCs

Their prestige value

Value in use

Value in exchange

Both value in use and value in exchange

The existence of short-run and long-run financial markets

The existence of different interest rates in unorganised money market in UDCS 

The existence of both share market and bond market

The of different interest rates on the organised and unorganised money and capital markets in LDCs

There is absence of government

The economy is an open economy

Initially there is full employment level of income

There are no lags in adjustment between investment and creation of productive capacity

the existence of different interest rates on the organised and unorganised money and capital markets in LDCs

the existence of difference interest rates in unorganised money markets in UDCS

the existence of different rates of interest in the private money and capital markets

the existence of both money market and capital market

Hicks

Marshall

Marx

Hansen

Unbalanced

Industrial

Agricultural

Balanced

Foreign domination

Small size of the market

Low level of technology

Lack of savings

Internal economies

External economies

Size of population

All of the above

Prof. Arthur Lewis

PN. Rosenstein Rodan

Ragnar Nurkse

 Prof, Hirschman