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How does social capital influence development?
Problem: Low social capital leads to potential conflicts and high transaction costs which hinder growth. Several LDCs (Less Developed Countries) lack social cohesion. As example like:
• A lack of trust in between Christian and Muslims into Nigeria means a fall into output, less educational and lower incomes opportunity for all.
• A major purpose for South Africa making a successful transition through apartheid is the efforts made through the government to encourage social inclusion and integrate white and black South Africans into one nation Implications that social capital should be in place before growth can arise.
A businessman invested $ 4000.00 as his fixed cost in a new venture that produces batteries. Each of these batteries cost $150.00 to manufacture and he sells each battery for $180.
How does colonial background influence the development process? Colonial experience influences: • Language for example the official language of US is English. • Legal and
How does economic system influence the development process? The development experience of free market or capitalist and command as socialist/communist countries is extremely d
What is dual economy and development in an economy? Development in an economy: Differentiated or uneven development arises while the benefits of growth are not shared ev
QUESTION a) Explain with the use of appropriate techniques how can an increase in investment spills over to other sectors in the economy and what affects the final impact on ec
Explain, using the example of museum visits, own price, cross-price and income elasticity of demand; consider own price elasticity for various demographic groups. Use diagrams wher
The manager of a movie production company is thinking of investing in new graphics computers for a price of $325,000. The computers are expected to have a useful life of 3 years.
Suppose a $1,000 face value bond has a coupon rate of 8.5 percent, pays interest semi-yearly, and has an eight-year life. If investors are willing to take a 10.25 percent rate of r
A clinic uses doctors and nurses optimally and is servicing the maximum number of patients given a limited annual payroll. The last doctor hired treated 1,600 extra patients in a
Ask quethe monthly revenue of a certain comany is given by R=820p-7^2p,where p is the price in dollars of the product the company manufacturers. at what price will the revenue be $
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