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Explain about the term Traditional Economy.
Traditional economy:
It is where decisions regarding what, how and for whom to produce are based onto tradition and custom. As like an example, men follow the occupation of their father as for example, farmer while women are normally homemakers preparing meals. Land is normally held into common that is private property is not well described.
What are the critics of advocates of World Bank in promotion of development? Critics of the World Bank argue: • A one-size-fits all strategy which does not take account
Define the term project initiation in project management methods. Project initiation: It is a main control point in a project as this is where the Project Board gives for
QUESTION (a) Explain the real business cycle theory. (b) Using appropriate diagrams differentiate between inflationary and deflationary gaps. (c) Differentiate between th
The government spending on given goods and several services including public. This is government spending on state-provided goods and services including public and merit goods. Dec
New trade theory
explain ththe test marketing approaches followed by fmcg companys
What is the social capital? Social Capital: Social capital is related with Putnam: Social capital considers to as features of social life as networks, norms and trust whi
Price Ceilings and Floors 1. Explain the impact on the market if the government imposes the following price ceilings and floors. 2. Draw two graphs, one for eggs, and one
characterestic of economics
What are the advantages to the project manager in giving regular progress reports to the project team members? People working onto a project as to have an understanding of how
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