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#question the importance of managerial economics..
What is the difference between absolute and comparative advantage? Difference between absolute and comparative advantage: • Absolute advantage arises while a country or reg
discuss the concept of demand for the products that are being consumed by the different consumers
how does the effect of inflation affect the spending ability of fixed income earners
What are the limitations of comparative advantage? Limitations of comparative advantage: International trade needs wide specialisation. This can have drawbacks as given b
How is supply related to opportunity cost?
What is import substitution? Import substitution: It is a government industrialisation policy for development by replacing imports along with domestic production. St
What is Conditionality? Conditionality is the needs imposed onto countries as pre-conditions for loans. Into crisis situations member countries seek assist from the IMF for
Is migration a problem? Huge scale rural-to-urban migration places a strain onto city economic systems. As like some examples of: • There is inadequate demand for labour to
What are the assumptions of unbalanced growth? Development cannot be initiated through one industry. Government recognize strategically significant areas to planned economy or
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