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What are the constraints facing governments in the promotion of development?
The constraints facing governments into the promotion of development:
The capability of a government to control the economy and promote development is constrained through internal and external type’s constraints. Those are internal constraints face internal factors and external constraints on government action Less Developed Countries face external factors.
How does sectoral change enhance development? The Lewis Model argues economic growth needs structural change into the economy whereby surplus labour into traditional agricultu
The project management method envisages a hierarchy of plans. Define this hierarchy. At the top level, there would be a Project Plan which covers the major aspects of the proje
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 are the predictions of Lewis? For Lewis, Harrod Domar is right to emphasise the task of savings and investment although structural change and a new industrial sector are
sources of oligopoly
How can external trade promote economic development and growth? International trade permits increased specialisation than higher output permits economies of scale. • A big m
1. Imagine that two countries, Richland and Poorland can produce just two goods, computers and coal. Assume that for a given amount of land and capital, the output of these two pro
Problem 1: (a) The Mauritian government is now increasingly involving the private sector in the development of the economy. How can government support effective private sector
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 ev
MC=25+30Q-9Q^2 fixed cost=55 find total cost avarage cost variable cost
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