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Define the macroeconomic stability in market for promoting development.
Macroeconomic stability implies that:
• Tight fiscal policy that is balanced government budgets and decreased health and also education budgets. Public sector employees may be made jobless to make sure G=T
• Tight monetary policy to attain low inflation that raises the costs of borrowing to firms.
Illustrate some example of the development process affected on culture. Examples of the development process affected on culture: • Foreign Direct investment (FDI) and IMF st
What are the limitations of comparative advantage? Limitations of comparative advantage: International trade needs wide specialisation. This can have drawbacks as given b
What are the similarities among the developing economies? Common characteristics of LDCs (Less Developed Countries) include: • Low living standards (that is low real income
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negative externalities
#question the importance of managerial economics..
Problem 1 Different purposes of reading require different methods of reading. Describe the various ways of reading. What are the techniques that you can use to improve your rea
Explain a five-stage process for project risk management. The major stages in project risk management are as follows: •Plan the approach: This approach is described that is
How do economists group countries at various stages of development? There are three major forms of classifications: • IMF: Developing and industrial, transitional economi
Identify the features of informal sector in African countries
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