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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.
1. Why does the quantity of salt demanded tend to be unresponsive to changes in its price?
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Consider the following information in the international money markets: Spot rate : $0.95:€ Forward rate (one year) :
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