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What are the assumptions of dependency theory?
The assumptions of dependency theory:
Dependency theory extends Marx is theory of surplus value to international relationships. For Marx, labour is the simply source of economic value. The capitalist pays his employees less than the value their labour has added to the good, maintenance the surplus into the form profit and interest.
This is equally true that DCs exploit LDCs (less developed countries) by extracting their surplus value. Each surplus value becomes the dissimilarity among the values of what an LDC produces and what this paid to produce that by a DC.
Free transnational and trade foreign direct investment distorts the whole economics and social structure of Less Developed Countries (LDCs) that become geared to meeting the requirements of DCs for example: export and orientated industries.
Do you agree with the traditional theory that assumes profit maximization as sole objective of a business firm?
Is there an optimum population size for a country? Optimum (best) population arises while productivity that is output per person is highest. • An under-populated country ca
Do you agree with what Dick Brandon said regarding sex? Do not take this question too seriously! Even though the quotation had a humorous intention, this does highlight a serio
Explain the ways in which businesses may try to influence government policy in a way that might benefit them. In the light of government regulation, businesses may become inv
Quantitative demand for watermelons = 50-3P(wm) - 20P(hd) + 10 P(sc) + 0.001(income) P(wm) = $4.00 P(hd) = $3.00 P(sc) = $2.00 Income = $40,000 Quantity supply of watermelons = 2
Explain the concept of scarcity, and the role it plays in decision making
Packets per second (pps) are a measure of throughput for network devices like bridges, routers, and switches. It is a reliable measurement only if all packet sizes are the similar.
Is the Washington Consensus actually a consensus? The Washington agreement thinking dominates development thinking in the developed world but is challenged through less develo
What is the function of Non-Government Organisations, within the promotion of development? Advocates argue NGOs (Non-Government Organisations): • Hold DCs accountable for e
How can be comparative advantage improved? Comparative advantage can be gained or improved through: • Investment during the education and also in training • Investment wi
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