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Discuss the following in relation to China's market reforms:
(1) the political and economic factors on the basis of which China decided to undertake market reforms;
(2) how China's approach to market transition differs from the approach followed by the ex-Soviet economies;
(3) to what degree China's peculiar strategy can be considered critical for the success of China's rapid growth;
(4) the implications of this for other developing countries seeking to follow the same path.
Explain about the term underemployment and unemployment rate. Discouraged employees are non-working people who are able of working although are not actively in search of a job.
Calculate Average Total Cost A perfectly Competitive firm is operating at a profit-maximizing level of output, q*. This output level is 500 units. At this output level, the
is industrial ethics contradictory?
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using 8 units of production resource to produce 10,000 c0ws by a farmer how many sheep could he have produced
Assume that there are two types of consumers (in equal numbers). They have the following two inverse demand functions (coming from zero-income effect demand functions): Type A : p
a) What is the curse embodied in the standard production function? How does technological advance permit an economy to avoid this curse? b ) In what significant way doe
Question 1: (a) Discuss the relationship that exists between financial capital and physical capital. (b) Analyse how a stock-market crash would drive an economy into a
What are the traditional, modern sectors and rural-urban migration? Rural-urban migration: Rural-urban migration is the movement of labour through the countryside to cities
What are economic sectors? For the functions of analysis the production of goods and services can be classified in four groupings as given below: a. Primary sector b. Se
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