Discuss the theories of malthous and recardous?

Answer 1

Thomas Malthus proposed the Malthusian Theory of Population, which argues that population growth will always outpace food production, leading to inevitable famine and societal collapse unless checked by moral restraint or disaster. In contrast, David Ricardo's theory focused on the law of diminishing returns in agriculture, suggesting that as more labor and capital are applied to land, the incremental yield will eventually decrease, affecting food supply and economic growth. While Malthus emphasized population limits, Ricardo highlighted the economic implications of land use and resource allocation in shaping production and productivity. Together, their theories explore the interplay between population dynamics and resource management in economic contexts.