Which of the following options is not one of the characteristics of the growth-with-equity theory?
1.
A premium is placed on improving human capital through the advancement of specialised knowledge and skills training in the technological sector.
2.
Synonymous with the approach of collective capitalism employed in East Asia.
3.
Revival of the markets to create jobs.
4.
Dismisses socialist values and identifies capitalism as the exclusive means to achieve economic growth and development.
5.
Intensifying industrial production in areas with high unemployment.
2.
Synonymous with the approach of collective capitalism employed in East Asia.
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