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Is there a consensus view on the responsibility of government? Highly controversial and depends onto your view like to whether markets work. International agencies as like the
How does Structural Adjustment Programmes/Poverty Reduction Strategies assist development? Structural Adjustment Programmes (SAPs) /Poverty Reduction Strategies (PRS) are an ef
What are the assumptions of unbalanced growth? Development cannot be initiated through one industry. Government recognize strategically significant areas to planned economy or
Is agricultural price instability a problem for Less Developed Countries? Problem of agricultural price instability for LDCs: a. Several Less Developed Countries have a com
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 disadvantages of a informal economy?
State the term checkpoint in project management methods. Checkpoint in project management methods: The Checkpoint is the ordinary (probably weekly) meeting of a project o
What is culture and human capital? Human capital is the knowledge, experience and skills of employees and can be raised by investing into education, job training and health
(a) Name three types of government interventions and 3 economic factors affecting the business environment and with given example explain how these affect the business environment.
What are the advantages of informal economy? Advantages of the informal sector: • Employment, opportunities and income. • Offers cheap inputs for the formal sector •
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