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How does economic system influence the development process?
The development experience of free market or capitalist and command as socialist/communist countries is extremely different. The evidence considered clearly that:
• Command economies have been not capable to deliver sustained economic democracy and development.
• Just Cuba and North Korea manage a command economy and North-Korea standard of living (SoL) is far lower than its free market neighbour, South-Korea
• The former soviet block of countries are currently transitional economies moving by a command to free market system.
QUESTION (a) What are the main types of unemployment? (b) Mauritius has been facing an alarming rate of unemployment during the last 5 years (i) What reasons could explai
Why is the growth rate and significant for development? The rate of economic development is the percentage increase within real GDP over twelve months. • The higher rate of
What are the requirements of national figure to adjusting? National figures first require adjusting: • For population: Dividing Gross Domestic Product (GDP) by total populat
Why does a production possibilities frontier with increasing opportunity costs have a bowed-out shape?
Can less developed countries economies grow by developing its primary sector as agriculture? Less developed countries economies can grow by developing its primary sector as ag
What are the assumptions of unbalanced growth? Development cannot be initiated through one industry. Government recognize strategically significant areas to planned economy or
DEVELOPMENT THROUGH RESOURCE TRANSFER is explained below The chief idea here was that (as mentioned previous) poor countries suffered from the savings and foreign exchange gaps
An agent has a utility function over goods 1 and 2 of the form U = x c 1 x d 2 where c is your 1- digit number and d is your minimum number. The agent's income is equal to you
how does starbucks responsibility to shareholderclash
Managerial economics bridges the gap between economic theory and practice
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