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Define economies grow of less developed countries by developing its secondary sector.
Less developed countries economies grow by developing its industrialising:
Manufacturing has some advantages in securing economic growth over agriculture. Several less developed countries are seen as containing a comparative advantage in manufacturing that is labour intensive and need slow capital. For example textiles and canning fruit are suitable technology.
The project management method envisages a hierarchy of plans. Define this hierarchy. At the top level, there would be a Project Plan which covers the major aspects of the proje
The prevention of main swings in economic activity can be handled most simply by the household sector. Explain why?
How is supply related to opportunity cost?
What is Monopoly and how does it affect the economic postively and negatively?
Explain the implications international capital flows problem. Implications: • FDI can assist physical capital accumulation and result within growth - usually beneficial b
QUESTION Explain the relationship between scarcity, choice and opportunity cost. "In a capitalistic system, Consumer Sovereignty is the key". Explain and discuss this sta
What are the major problems in measuring national income? The major problems in measuring national income: a. Unreliable statistics data collection is costly and the figu
QUESTION (a) Analyze the characteristics of a monopoly market. (b) Distinguish between the short and long run equilibrium of a monopoly. (c) Compare and contrast between
explain law of production
As selling is an ‘asking process’, how you could use this to assist you sell some further functionality to a system under development? When we use the buying cycle like a guide
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