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What are the characteristics of developed countries applied to Less Developed Countries?
Some of Kuznets' characteristics of a DC (developed countries) can be applied to LDCs (Less Developed Countries) to describe underdevelopment caused by a lack of as:
• Productivity development;
• Structural transformation;
• International trade and
• Ideological and Social change
Policies that enable the above assist development and growth.
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1. Consider the market where there is product differentiation with two firms. The firms are choosing prices p1 and p2 and have demands given by q1 = 40 - 0.5 p1 + p2 q2 = 60
what is the important or usefulness of pricing practices to management
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