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What are the assumptions of unbalanced growth?
Development cannot be initiated through one industry. Government recognize strategically significant areas to planned economy or subsidise as market economy some important industries along with backward and forward linkages.
Specified a decision to go for unbalanced growth the issue stay puts: what industries to develop? This is better to go for industries wherein the country has a comparative advantage. Clothing and textiles are the biggest manufacturing export for developing countries (DCs). They are labour intensive.
What is Foreign Debt Management? Debt management considers as to the arrangements made to: • Protected the suitable amount of borrowing to deliver growth • Ignore excess
Illustrate liberalise or open up trade in market for promoting development? Liberalise or open up trade implies that: • Abandoning fixed exchange rates and elimination of re
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
Assume that Deborah Electronics expects a delivery of Fujitsu laptops in a month from a Japanese supplier. Each laptop sells at $1000 in the retail market whereas the import cost i
Explain about the term Traditional Economy. Traditional economy: It is where decisions regarding what, how and for whom to produce are based onto tradition and custom. A
The Concept of Equity is explained below: Equity represents that the principle of taxation which emphasizes fairness or just the sacrifice, which is everyone must pay the tax d
what are the resources of economics development
explain the role scarcity of resources plays in economic decision making
β1=0 e5.1 from stock and watson 3rd edition introduction to econometrics Using the data set CPS08 described run a regression of average hourly earnings (AHE) on Age and carry out
How static multiplier can be shown diagramatcally
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