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Is industrialisation significant in the process of development?
Industrialisation is considered as a major driver of LDC development. Industrialisation arises while a predominantly agrarian economy becomes industrialised that is an increase into the relative share of GDP and employment accounted for through the secondary sectors.
QUESTION (a) With reference to price elasticity of demand, discuss and illustrate the effects on government revenue of increasing value added tax on goods and services. (b)
QUESTION (a) Distinguish between monetary and fiscal policy, giving examples where appropriate. (b) Discuss how fiscal and monetary policies might be used by a government du
theory of economies of scale,dis-economies,intergration
In the absence of taxes, subsidies or other distortions, the market demand and supply for bags of cement would be given by Q D = 1500 - 10P and Q S = 140P, respectively, where Q
Is industrialisation significant in the process of development? Industrialisation is considered as a major driver of LDC development. Industrialisation arises while a predomin
Importance of production.
What is good governance? Governance is fundamentally another word for government and is a necessary precondition for development. It is how governments employ their authority
What are the assumptions of unbalanced growth? Development cannot be initiated through one industry. Government recognize strategically significant areas to planned economy or
What is a developing economy? To say a country is developed or developing needs indicators. For illustration: • The World Bank classification utilises one economic indicator
how the concept of elasticity used for decision making
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