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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.
who is the proponent of theory of economic rhythm?
What are the factors of the economic sectors? The factors of the economic sectors: • Primary sector including natural resources as like agriculture, fishing, quarrying minin
The government spending on given goods and several services including public. This is government spending on state-provided goods and services including public and merit goods. Dec
What are the characteristics of developed countries applied to Less Developed Countries? Some of Kuznets' characteristics of a DC (developed countries) can be applied to LDCs (
What are the limits of development theories? Theories are generalisations: • When LDCs share similarities, each country is unique economic, cultural, social and historical
Evaluation of perfect competition arguing the effect on stakeholders, priorities and SR/LR
What is the difference between an essential and adequate condition for growth? Essential and adequate conditions are helpful analytical and evaluative elements. As like exampl
Importance of production.
1. Why does the quantity of salt demanded tend to be unresponsive to changes in its price?
What are institutions? Institutions are formal organisations as like: • Government : the group of some people and institutions who control and manage a country Civic socie
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