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Problem:
(a) Critically asses the difference between economic growth and economic development.
(b) Describe the definition of economic development as a multidimensional process involving major changes in every aspect of a society.
(c) Show the costs and benefits of being a small and remote island economy.
(d) Describe the role that the importance of capital formation in determining growth outcomes.
A sample of 58 mutual funds was taken and the mean return in the sample was 14% with a standard deviation of 9.3%. The return on a particular index of stocks (against which the mut
analyse the method by which a firm can allocate the given advertising budget between different media of advertisement
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What are the limits of national income (NY) statistics in measuring development within a country? National income statistics simply show changes in GDP (Gross Domestic Product)
The factors that affect the volume of production in economics
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How can trade Liberalisation mean eliminating barriers? Trade liberalisation is the removal of trade restrictions for example tariffs, quotas and non-trade barriers is unsynch
How can less developed countries economies produced by developing its primary sector as agriculture? Less developed countries economies cannot grow by developing its primary se
How does the exchange rate influence the benefits of trade? Mutually beneficial international trade arises specified the exchange ratios lie among the internal opportunity cost
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