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QUESTION 1
i) Distinguish between the different kinds of concentration measures
ii) Briefly describe the axioms of Hannah and Kay (1977)
iii) Derive and explain the Dorfman and Steiner (1954) condition for optimal advertising
QUESTION 2
i) What are the different stages of economic growth?
ii) What are the major causes of deindustrialization?
iii) Is there a stable link between inflation and unemployment in the long-run?
uses of discounting principals
how can a community having water shortages issues be resolved using marginal utility and consumer behaviour
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What is the Third World? Third World: Developing countries are sometimes termed as collectively like the Third World. Such term can cause offence within developing nation
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Ask question critically evaluate the two main utility theories #Minimum 100 words accepted#
What are the external constraints on government action less developed countries? External Constraints on Government Action LDCs face external factors beyond their control are:
How is Harrod-Domar model used in planning? The Harrod-Domar model is helpful to government for setting target rates for saving required to deliver a specified rate of economi
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