The ‘Theory of Optimum Population’ was given by whom among the following?

Correct option is B

The correct answer is Edwin Cannan. He proposed the 'Theory of Optimum Population,' which suggests that there is an ideal population size where the maximum per capita output and income can be achieved. If the population exceeds this level, per capita income will decline due to resource constraints, and if it is below this level, the underutilization of resources will result in lower output.
Information Booster:
1. Optimum population balances resources and production.
2. It is different from Malthusian theory, which focuses on population checks.
3. Beyond the optimum, resources become scarce, lowering productivity.
4. Below the optimum, resources are underutilized.
5. Theory emphasizes the relationship between population size and economic prosperity.
Additional Knowledge:
· Edward West: Incorrect. He is known for his work in economics, particularly on rent and value theory, but not for population theory.
· Margaret Sanger: Incorrect. She is a pioneer in birth control and women's reproductive rights but unrelated to this theory.
· Thomas Sadler: Incorrect. He is known for his opposition to Malthusian population principles.