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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.
Why do countries trade? International trade is the swap of goods and services among countries. Trade enhances consumer choice and complete welfare. Various countries have v
What are the differences among developing economies? Developing countries are diverse. They can be different in terms of as: • Resource Endowment for example, a country is
Problem-solving question: Use the following data for a firm’s output at various levels of employment (L) to calculate: a) its marginal physical product of labor (MPPL) schedule; (
how does occupation affect the size of labour force
I am given that demand formula P=150-3Q, am told I only have 40 tickets to sell and that the MC=0 and I am suppose to figured out how many tickets to sell to maximize total welfare
how does the buying and selling of stock fit the model for perfect competition?
The amount of a good or service that a consumer is willing and able to buy at each particular price
What would primary markets look like in absence of secondary markets?
Can economies grow of less developed countries by developing its secondary sector? Economies grow of less developed countries by developing its secondary sector because manufac
what is production analysis?
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