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Explain the mixed economy system. Mixed economy: Several resources are owned through the public sector (government) and several resources are owned through the private sector o
How does colonial background influence the development process? Colonial experience influences: • Language for example the official language of US is English. • Legal and
What are the national figures? National income figures: • Do not measure social, non-economic, quality of life indicators as like life expectancy that access to educatio
why do companies privitise? what is the objectives of privitisation? what are the advantages and disadvantages of privitisation?
Comparing Production Possibilities Curves
why do businesses have to sped money (expenditure)in order to succeed?
relationship between tfc , tvc , tc
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
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
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