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What are the restrictions of dependency theory?
The restrictions of dependency theory:
• Self sufficiency and import-substitution strategy mean the advantages of International trade are lost and welfare decreased;
• Arrangement leads to government failure;
• Lack of competition leads to decreased consumer choice and market failure.
micro and macro economicsapplied to business environment
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MC=25+30Q-9Q^2 fixed cost=55 find total cost avarage cost variable cost
PROBLEMS OF LOWER INCOME COUNTRIES There are vast income and wealth disparities in world we live in. Approximately one-fourth of the world’s population accounts for the three-f
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