Distinguish between economic development and economic growth, Business Law and Ethics

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Question 1:

a. Distinguish between Economic Development and economic growth.
b. "Despite all their diversity, less developed countries are linked by a range of common problems"

(i) What are these problems?

(ii) Which do you think are the most important? Why?

Question 2:

What do you meant by the statement that many developing nations are subject to "dominance, vulnerability and dependence" in their relations with rich nations? Can you give some examples?

a. Explain the three stages involved in the transition from subsistence to specialised agriculture?

b. What are the principal characteristics of these stages?


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