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What is dual economy and development in an economy?
Development in an economy:
Differentiated or uneven development arises while the benefits of growth are not shared evenly among social classes or geographical areas.
Dual Economy:
Economic dualism or a dual economy arises while an advanced economy coexists along with a traditional subsistence economy resulting within a prosperous city or areas alongside poor rural regions in similar country.
Describe the terms inflation, deflation, and inflation rate and price stability. Inflation and Deflation: a. An increasing aggregate price level is called as inflation.
What is the effectiveness of Non-Government Organisations, within the promotion of development? Critics argue NGOs (Non-Government Organisations): • Are self-serving and se
A member of your team shows disruptive behaviour. Her work is excellent but she is not a team player. The results are that she does not make a payment to team effort and her collea
A transition economy is Moving from a planned to a mixed or free market economy.
Any economic models for this title?
QUESTION (a) Explain the relationship between scarcity, choice and opportunity cost. (b) Distinguish between centrally planned, laissez-faire and mixed economic systems rega
What is Monopoly and how does it affect the economic postively and negatively?
What do you mean by the term project milestone? How would you decide how many milestones to demonstrate on your project plan? Project milestone: A milestone is a point at
In long-term project planning, this is wise to suppose that staff will be accessible for project work for less than 100 per cent of the total accessible time. What factors will dec
QUESTION 1 (a) Compare and contrast the main theories of a demand for money. (b) Specify a money demand function for a small island economy like Mauritius. QUESTION 2
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