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What are the formal and informal sectors?
Formal and informal sectors:
Economic activities considered as to the government make up the formal sector of the economy. That economic activity, which undeclared makes up the informal or shadow sector of the economy are the informal sectors.
Scenario: A client comes to you for investment advice on his $500,000 winnings from the lottery. He has been offered the following options by three different financial institutions
(a) Using the basic concept of price elasticity of demand for his product, describe how the producer may raise his total revenue. (b) With reference to an initial set of marke
elasticity concept occupies a central place in policy formulation
Oligopolistic Competition: Two rms are competing for consumers. They simultaneously decide what quantity to produce. Suppose they have identical cost c, zero xed cost and fa
QUESTION (a) Explain the relationship between scarcity, choice and opportunity cost. (b) Distinguish between centrally planned, laissez-faire and mixed economic systems rega
What are the social economic factors and non economic factors in the development process? Development is a process including change into a number of social economic and non eco
which product we choose
What is Economic development theory? Economic development theories and models seek to describe and predict how the: • Economies may develop or not over time in excess •
#question.define potential entry.
What happens during a business cycle of economy, and what can be done about it? Business cycle of economy: a. The consequences of recessions and expansions onto unemploymen
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