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Question:
(a) Describe the two major developments which have led in the adoption of Import Substitution Industrialisation by Developing Countries in the 1940s/50s.
(b) Illustrate the logic behind Import Substitution Industralisation
(c) What is the principle justification for Import Substitution Industrialisation? On which ground has this argument been criticised?
Question 2:
(a) Explain the various forms of economic integration.
(b) What are the stages of the European Economic and Monetary Union?
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I wont final Exam
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#question. what is the underlying reason for the law of increasing opportunity cost?
what will be the possible concequences if a large scale like Toyota place its new product in Indian market without having forecast the demand for its product
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