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What is import substitution?
Import substitution:
It is a government industrialisation policy for development by replacing imports along with domestic production.
Is structural change a problem? Economies are dynamic and adapt to meet evolving consumer wants needs. This means resources are moved from use to use in response to, say, chan
two political party called hawks show apoint ppf that the hawks might choose and a point the doves might choose
How does economic system influence the development process? The development experience of free market or capitalist and command as socialist/communist countries is extremely d
Australia has emerged from the Global Finance Crisis (GFC) as "the strongest economy in the developed world" (Editorial, The Australian, 11 December 2009). The economic editor of T
#what questDynamic Multiplier, Economicsion..
the basic assumption of the static model
QUESTION Write short notes on any three (3) of the following: (a) National income and the standard of living. (b) Globalization and its implications for developing countr
how does the effect of inflation affect the spending ability of fixed income earners
explain ththe test marketing approaches followed by fmcg companys
How is business cycle essential in economic downturns and upturns? The Business Cycle: It is the short-run alternation between economic upturns and downturns. A
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