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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.
Information of the history of Banking
What are institutions? Institutions are formal organisations as like: • Government : the group of some people and institutions who control and manage a country Civic socie
QUESTION 1 i) Distinguish between the different kinds of concentration measures ii) Briefly describe the axioms of Hannah and Kay (1977) iii) Derive and explain the Dorfm
What are the advantages of informal economy? Advantages of the informal sector: • Employment, opportunities and income. • Offers cheap inputs for the formal sector •
What are Harrod-Domar predictions? The economy is rate of growth, its predictions depends onto: • Capital formation and accumulation and capital output is the critical to de
Explain critics of the International Monetary Fund argue. Critics of the International Monetary Fund (IMF) argue: • The IMF is suffering through mission creep and requiremen
The government spending on given goods and several services including public. This is government spending on state-provided goods and services including public and merit goods. Dec
#questDuring the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in ter
Why might the point at which the long-run average cost curve levels out change over long periods of time? include a diagram.
Case study CORN is now struggling to keep up with demand. With corn supplies the tightest they have been since the mid-1990s, prices have risen substantially and are holding a
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