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What is the development gap? The development gap refers to the divergence between standards of living in the developed and developing world. As like Source World Bank:
What are the characteristics of growth in developed countries? Simon Kuznets specified some characteristics for all DCs (developed countries) as illustrated below: • Gross
features of monopolistic competition and oligopoly
What is the current economic status of abaca farming?
How is Harrod-Domar model used in planning? The Harrod-Domar model is helpful to government for setting target rates for saving required to deliver a specified rate of economi
how many statics numericals in quantitative economics
The problem with the above method crops up when we want to compare two or more dissimilar (different sized) projects. A mega project may yield a very large NPV sum, whereas a mini
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explain the role scarcity of resources plays in economic decision making
Are the terms of trade (ToT) a problem? Problem : The terms of trade (ToT) of a country fall when its import prices rise quicker than the price of its exports. Less Developed
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