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Can growth arise without development? Growth is just one feature of development and therefore is an essential but not enough condition for economic development. For example, g
GDP vs GNP in kenya
What are the differences between perfect competition and monopoly competition? Ans) In a monopoly, you are gaining an unfair benefit over any competition because you own so many
Over the last year both the supply and demand for oil in the US has gone up. What might have caused this and what happened to the price and quantity of oil?
what are the advantages and disadvantages of unemployment
In a Poisson distribution U=4. A) What is the probability that X=2? B) What is the probability that X is 2?
Usually the government is very good at wasting money and resources so less spending, by the government helps the economy as those resources are allocated in areas that are more wel
In the long-run framework, budget surpluses: A. should be run on a permanent basis since they boost saving and investment and stimulate economic growth. B. should be run whenever o
The benefits of capitalism are that the governments have limited control over other business, which lets business compete.
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr
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