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What are the limits of development theories?
Theories are generalisations:
• When LDCs share similarities, each country is unique economic, cultural, social and historical experience implies the implications of a specified theory vary widely through country to country.
• There is no one individually agreed model of development. Each theory, as Rostow, provides an insight in one or two dimensions of the complicated process of development. For example, Rostow assists us to think regarding the stages of development LDCs might take and Harrod Domar model describes the significance of adequate savings in such process.
What is the difference between wealth and income? Difference between wealth and income: • Wealth , which is a stock value that is the current value of assets for example b
What are the major area of decision making ? How does economic theory contribute to managerial decision ?
QUESTION (a) State whether the following statements are TRUE or FALSE. Clearly explain your answer. (i)The Keynes liquidity Preference theory stipulates that money demand is
Does the work of the International Monetary Fund and World Bank overlap? Less developed countries turn to the: • International Monetary Fund to resolve debt repayment, exch
how does economic theory contribute to managerial decisions?
Draw the line of competition
Do policies that work in one country always work in another? Less developed countries are similar but diverse in terms of history, institutions, culture and governance and man
What is the function of the International Monetary Fund, in the promotion of development? The International Monetary Fund (IMF) is the central institution of the international
QUESTION 1 (a) What, according to you, are the ergonomic problems associated with the use of visual display units? Describe the measures which can be taken to eliminate these p
QUESTION (a) Senior executives of the public sector are now faced with the challenging task of evaluating ‘e-Government' projects. Discuss the main character features involved
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