Multiple Choice

A colonial administrator in 19th-century India writes in a report: 'By confirming the property rights of large landowners and making them responsible for tax collection in their districts, we ensure a stable revenue stream and secure the allegiance of the local power structure. Their focus will naturally be on meeting tax obligations rather than on speculative ventures.' Based on the administrator's reasoning, which of the following economic outcomes was the most likely long-term consequence of this policy?

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Updated 2025-08-14

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