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How can external trade promote economic development and growth?
International trade permits increased specialisation than higher output permits economies of scale.
• A big market permits domestic producers greater scope for economies of scale. Not with trade the domestic market only permits Q1 output. Access to out of the country markets implies Q2 output at lowest unit cost.
• International competition encourages competition. Domestic organisations strive to turn into world class, adapting latest technology, product and procedure innovations which reduce unit costs.
Economic development and growth
How can the population controlled? Governments can take some steps to controlled populations: • Enhance the education of women and their employment opportunities raises and
Managerial economics bridges the gap between economic theory and practice
I am asking for a refund on this item #. I submitted the answers I thought were all right on this quiz and my score came back 18 right out of 30. Not happy that I am spending money
Suppose that EBV is considering a $5m Series A investment in Newco. EBV proposes to structure the investment as 5m shares of CP with FV of $5m, one-to-one conversion to common, and
Do all developing economies have same underlying problems? Less developed countries are similar but exceptional. The impact of a problem will vary depending upon circumstances
What are the major area of decision making ? How does economic theory contribute to managerial decision ?
There are three firms in an economy: A, B, and C. Firm A buys $450 worth of goods from firm B and $260 worth of goods from firm C, and produces 260 units of output, which it sells
What is effectiveness of International Monetary Fund, in the promotion of development? Effectiveness of International Monetary Fund, in the promotion of development: Interna
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Describe the terms inflation, deflation, and inflation rate and price stability. Inflation and Deflation: a. An increasing aggregate price level is called as inflation.
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