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How does sectoral change enhance development?
The Lewis Model argues economic growth needs structural change into the economy whereby surplus labour into traditional agricultural sector along with zero marginal products that migrate to the modern industrial sector, here their marginal product is much higher.
The Rostow model classifies a progression through primary orientated production along with low value added to manufacturing and services along with high value added.
Shifting resources through low productivity primary zone to higher productivity sectors increase output and income.
Assume the marginal propensity to consume (MPC) is 0.9. Starting from equilibrium, investment demand enhances by 50. How much does equilibrium income enhance? Show the calcul
Define the effectiveness of World Bank in promotion of development? The World Bank has a clear set of goals: to assist countries meet the UN Millennium Development Goals. A ma
#question.discuss the contention that the existance of a labour market is characterised by perfect competition is a fallacy.
Provisionally the new software is called SafeCus with two projected levels of service - Premier and Standard. The Premier Level could be on sale within a year and will provide b
What is the value proposition that Apple Pay offers consumers? How about merchants?
The Basic assumption which underlay the government of international economy has been that the economies of the world would converge around a capitalist model. The details of such a
Assume that the per capita income in Alfaland (with initial high per capita income) is growing quicker than it is in Betaland (with initial low per capita income). Then: the gap in
What are the factors of the economic sectors? The factors of the economic sectors: • Primary sector including natural resources as like agriculture, fishing, quarrying minin
factors that affects sthe volume of production in economy
What is exceptional supply curves
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