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What are the disadvantages of informal economy?
Disadvantages of the informal sector are as illustrated below:
• don’t pay direct taxes;
• Can produce important pollution and
• Pay scant about health and safety matters.
Development Strategies are explained as follows: Keeping the reasons for the persistent poverty in the LICs aside, there are three broad progress strategies which have been ado
Are the terms of trade (ToT) a problem? Problem : The terms of trade (ToT) of a country fall when its import prices rise quicker than the price of its exports. Less Developed
QUESTION (a) Explain the relationship between scarcity, choice and opportunity cost. (b) What is market failure and why does it occur in an economy? (c) Differentiate, us
why does the quantity of salt demanded tend to be unresponsive to changes in its price?
what is nature of elasticity?
What are the limitations of balanced growth? The limitations of balanced growth: • The strategy of balanced growth is away from the resources of most poor countries; • Go
discuss the concept of demand for the products that are being consumed by the different consumers
(a) Describe and discuss the Structure Conduct Performance framework (b) The hypotheses of interest in the Structure Conduct Performance framework are as follows: Hypothesi
#sources of oligopolyn..
law of diminishing marginal utility assignment
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