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How do institutions influence development?
Institutions development influence:
Institutions matter since they give opportunities for people and firms to participate into the economy. Therefore, they contribute to the incentives for investment as well as the efficiency along with that all resources are allocated.
What is import substitution? Import substitution: It is a government industrialisation policy for development by replacing imports along with domestic production. St
to explain in detail how to get five rights in procurement and supply
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The prevention of main swings in economic activity can be handled most simply by the household sector. Explain why?
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QUESTION (a) Using diagrams where appropriate, explain the concepts of scarcity, choice and opportunity cost. (b) Distinguish between positive and negative externalities, il
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