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What is poor governance?
In countries along with poor governance:
• The rule of law has not working for example civil war and areas run by war lord
• Bribery and corruption implies resources are assigned inefficiently and
• Rulers are unaccountable to citizens for example no or fixed elections.
How is Micro or Microfinance credit assists in financial markets? Micro or Microfinance credit assists: • Grow businesses and raise the income of the poor • Extra income
law of variable propotions
sources of oligopoly
Define the planned or command economy system. Planned or command economy: Resources are owned through the state. The state assigns resources, and sets production goals a
There are two agents, A and B. Both have preferences represented by a von Neumann-Morgenstern utility function u(c s j ) = ln (c s j ), where c s j is consumption of agent j in
1. Three clients of Disrup, Ltd P, Q and R are direct competitors in the retail business. In the first week of the year P had 300 customers Q had 250 customers and R had 200 custom
Define the balance of payments problem in international capital flows. Balance of payments (BoP): It inflows capital as like: • Foreign direct investment (FDI) into machiner
theory of profit maximisation
What are the social economic factors and non economic factors in the development process? Development is a process including change into a number of social economic and non eco
Accountants prepare income statements typically in terms of historical costs, in terms of the purchase price, rather than in terms of the current price. The reasons given for this
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