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What are the restrictions of Lewis?
The restrictions of Lewis:
• Assumes complete employment in urban regions. Evidence recommend otherwise
• Raised profits may be invested into labour saving capital quite than taking on newly arrived employees
• For many LDCs (Less Developed Countries), rural urban migration levels have been far larger than the formal industrial sector is capability to give jobs. Urban poverty has replaced rural poverty. Newly arrived rural migrants join the informal economy and live into shantytowns.
What are the implications of Environment in Economic Growth? Implications of Environment in Economic Growth: Only government can suppose liability for protecting natural res
explain total productivity
1.) Calculate the beta for your corporation. First you need to calculate the monthly return for your corporation for the recent 60-month period (use April 2006 through March 2011)
Is unemployment and underemployment a problem? The cost of unemployment is both: • Economic along with the opportunity cost of lost output raised poverty and inequality
how does the buying and selling of stock fit the model for perfect competition?
Summary Strategy management Variables Rewards
Question: Yamba Home Products is just beginning its fourth quarter, in which peak sales occur. The company has requested a $12,000, 90-day loan from its bank to help meet cash
QUESTION (a) With reference to price elasticity of demand, discuss and illustrate the effects on government revenue of increasing value added tax on goods and services. (b)
Is an unequal distribution of income and wealth a problem? Explain in short. Yes: because specified no government intervention, which on very low incomes cannot afford necessar
What effect would a rule stating that university students must live in university dormitories have on the price elasticity of demand for dormitory space? What impact might this in
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