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What is dual economy and development in an economy?
Development in an economy:
Differentiated or uneven development arises while the benefits of growth are not shared evenly among social classes or geographical areas.
Dual Economy:
Economic dualism or a dual economy arises while an advanced economy coexists along with a traditional subsistence economy resulting within a prosperous city or areas alongside poor rural regions in similar country.
What are the major area of decision making ? How does economic theory contribute to managerial decision ?
A Korean BBQ restaurant has four workers for washing jobs: Dane, June, Park, and Pola. Each workers eight hours a day and can produce two washing services: Washing rice bowls and w
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What is absolute poverty and relative poverty? Absolute poverty: It is an income level below that essential to meet fundamental requirements. The UN measure of absolute
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What is development process? Development process: Development is measured through outcomes that are development occurs while key indicators of human well-being enhance. Th
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