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What are Rostowís limitations?
• Presently LDCs face much various conditions than DCs into the 19th century the origin of Rostowís studies
• LDCs are very same but very different which generalised solution inappropriate is
• Rostow does not describe the link in between Investment and Savings. The Harrod-Domar model best describes that.
• Savings fund investment but investment alone is an essential but inadequate condition for growth. Growth requirements right social, Cultural, institutional and political conditions to be into place too.
A clinic uses doctors and nurses optimally and is servicing the maximum number of patients given a limited annual payroll. The last doctor hired treated 1,600 extra patients in a
Explain the discounting principle. Using the discounting principle calculate the present value of an annuity of five years at Rs. 500 payments made at the end of each of the next f
a. Describe the industry within which your business will be located and describe at least three recent trends in that industry. Note: This information and item b. following may b
function of economics
Foreign Exchange Market and Arbitrage Process: 1. Suppose that the Brazilian Real is quoted at R 0.9955-1.0076/US$ and the Thai Baht is quoted at B25.2513-3986/US$. What is
What are the national figures? National income figures: • Do not measure social, non-economic, quality of life indicators as like life expectancy that access to educatio
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How does social capital influence development? Problem: Low social capital leads to potential conflicts and high transaction costs which hinder growth. Several LDCs (Less Deve
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For the special case when firms are price takers, what is the relation between total revenue, average revenue, marginal revenue and price?
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