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What is the difference between an essential and adequate condition for growth?
Essential and adequate conditions are helpful analytical and evaluative elements. As like example of:
• When net investments always means an enhance in productive capacity therefore growth then net investments a essential and adequate condition for growth
• When growth leads to an increase into GDP but considerable externalities, depletion of non-renewable resources and worsening income distribution in that case growth does not all the time lead to development. Growth is essential (has to occur) but inadequate (not enough) state for development.
How does macro-economic stabilisation assist growth? Economic agents as the consumers, private zone and overseas investors as like multi nationals make decisions based onto co
Consider a Bertrand duopoly. The market demand is q=190-p. Consumers only buy from the firm whose price is lower. If two firms charge the similar price, they share the market equal
Define the process of setting objectives. What might be objectives for a newly appointed junior programmer? A hierarchy of objectives cascades down through the overall intend o
the basic assumption of the static model
The prevention of main swings in economic activity can be handled most simply by the household sector. Explain why?
PROBLEMS OF LOWER INCOME COUNTRIES There are vast income and wealth disparities in world we live in. Approximately one-fourth of the world’s population accounts for the three-f
#question.During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in t
Question 1 (9 marks) During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets a
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
Why does economic development engage structural change? The process of development needs structural change. Usually economies develop by moving resources through agricultural
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