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What are the internal constraints on government action less developed countries? Internal Constraints on Government Action LDCs: • Have restricted domestic resources to ac
using 8 units of production resource to produce 10,000 c0ws by a farmer how many sheep could he have produced
How can external trade promote economic development and growth? International trade permits increased specialisation than higher output permits economies of scale. • A big m
What are the characteristics of the informal sector? The characteristics of the informal sector comprise: • working for yourself quite than an employer, • Small scale ent
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demand and supply curve for luxury goods
The word of Keynesian -styles A Keynesian come about the rules creators on purpose look for to motivate additional than one of the modules of aggregate demand to improvement numbe
Question: (a) Discuss the conditions necessary to achieve Pareto Efficiency. (b) Competitive markets are generally assumed to lead to a Pareto optimal allocation of resource
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