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How does colonial background influence the development process?
Colonial experience influences:
• Language for example the official language of US is English.
• Legal and value system
• Infrastructure for example, New York inherited an extensive railway network onto independence
• Model of international trade.
What is the difference between wealth and income? Difference between wealth and income: • Wealth , which is a stock value that is the current value of assets for example b
Chelsea Football Club a) Reasons could include: the probable for CFC to return healthy profits; CFC may have been undervalued at the time of purchase; Abramovich could simply b
MBA - MACROECONOMICS ASSIGNMENT Professor Instructions Abide by following points or no credit will be given for your answers: • Concise and to-the-point answersare what
what is nature of elasticity?
Question 1: (a) Explain the core principles of the General Agreement on Tariff and Trade (GATT). (b) Do you think the additional principles introduced by the WTO in 1995 c
Why do markets work into promoting development? Liberal economists dispute a free market economy works since this gives incentives for self-generating growth. Particularly the
What is import substitution? Import substitution: It is a government industrialisation policy for development by replacing imports along with domestic production. St
Is population growth a problem? Quick population growth is a main cause of poverty and arises where population growth go beyond the rate of economic growth. Standards of liv
Do you agree with the traditional theory that assumes profit maximization as sole objective of a business firm?
What are the social economic factors and non economic factors in the development process? Development is a process including change into a number of social economic and non eco
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