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What is a developing economy?
To say a country is developed or developing needs indicators. For illustration:
• The World Bank classification utilises one economic indicator, income, to categorize countries in three several income groupings high-middle and low. Using World Bank indicators a progressing country has a GNP per capita of less than US$6,000.
• The UN classification splits countries in high medium and low human development by using HDI indicators.
definition, advantages and disadvantages of privatisation?
QUESTION (a) Explain clearly what inflation is and elaborate on its main causes. (b) "There is a trade-off between inflation and unemployment" Do you agree with this stateme
What is social inclusion? Social Inclusion: Social inclusion implies the whole of society enjoys the advantages of economic activity (as income) and have complete access
compute the opportunity cost
Procedure for export under deferred paymet
What is Baumol''s Sales Revenue
A1. Given the following production function Level of fertilizer Level of maize 0 0 1 44.9 2 83.6 3 110.1 4 127.3 5 136.9 6 139.9 7 137.1 8 129.2 a) Calculate the APP, MPP and elas
explain how inflation could reduce the efficiency with which prices allocate resources.
What are the characteristics of the informal sector? The characteristics of the informal sector comprise: • working for yourself quite than an employer, • Small scale ent
what factors affect the volume of production in an economy
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