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What are the potential disadvantages of growth?
The potential disadvantages of growth are as follows:
• Raised pollution,
• Depletion of non renewable natural resources
• The advantages may be narrowly distributed to the rich
• Growth might be unsustainable and threaten the well being of future generations.
Privatization is the move of ownership from the public sector (government) to the private sector (business).
Explain the meaning of a production possibilities curve
Differences between absolute advantage and comparative advantage? Ans) Absolute benefit and comparative benefit are two basic concepts to international trade. Under
discuss four weaknesses of using national income statistics in comparing living standards between two countries
Occurrence: It is found in a range of foods based on fruits. Presence of patulin in fruit juice is a indication that the juice was extracted from poor quality fruit which is undesi
factors that causes the shifts in balance of payments
Q. Explain the long-run Phillips curve? The long-run Phillips curve The augmented Phillips curve has an important consequence: the long-run Phillips curve must be vertical
what is the relevance of the lewis model
The market demand for a factor The market demand curve for any input is not simply the horizontal summation of the individual demand curves of all the firms. This is due to th
suppose that a persons wealth is kshs. 50,000 and her yearly income is kshs. 60,000. suppose further that her money demand function is given by Md = y(0.35-i) where i= interest
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