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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.
Assume the marginal propensity to consume (MPC) is 0.9. Starting from equilibrium, investment demand enhances by 50. How much does equilibrium income enhance? Show the calcul
what is the short run and long run effects of a new idea creating by a restaurateur i.e home cooking services in the perfect competitive market?
What is the development gap? The development gap refers to the divergence between standards of living in the developed and developing world. As like Source World Bank:
Hatfield owned a large farm on which he grew grain. His combine was inadequate in relation to the acreage of grain that he harvested annually. As a result, on several occasions his
Is migration a problem? Huge scale rural-to-urban migration places a strain onto city economic systems. As like some examples of: • There is inadequate demand for labour to
Define the effectiveness of World Bank in promotion of development? The World Bank has a clear set of goals: to assist countries meet the UN Millennium Development Goals. A ma
Explain about the characteristics required in a risk owner. To be effective within their role, a risk owner’ requirements are as follows: a. Adequate information regarding a
Hoe to reduce above mentioned issue.
Does the structure of the population issue? Dependents into an economy, children as well as old people are assists by the economically active. Dependency ratio uses to measure
What does Rostow predict? For Rostow: • Savings and capital accumulation (formation) are central to the procedure of growth therefore development • The solution to de
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