Please answer completely & consider the followings:
1. Explain in 400-500 words
2. Explain in simple language ( no plagiarism)
3. Within ( 1 to 2 hrs)
4. Graphical presentation ( if required)
1.(a Explain the major distinguishing characteristics of classical political economy, as well as the major distinctions between the economic theories of Smith, Malthus, and Ricardo. How did their work influence the 'modernization' theories of economic development?