Burns (1934) argued that retardation and decline in some industries are
(a) healthy for a growing and developing economy because resources are released for use in productive sectors.
(b) healthy only for the competitors of the declining industries.
(c) unhealthy for a growing economy because resources are idle in the declining industries.
(d) unhealthy for a growing economy because the released resources are used unproductively
by the competitors of the declining industries.
(a)
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