Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
What is Rostowís model?
Rostowís Stages of Growth model argues to attain modernity all countries pass through similar stages of development as explained as follows:
a. Stage 1: Traditional Society subsistence economic activity which is output is consumed through producers quite than traded; trade through barter where goods are exchanged they are swapped; Agriculture is the most significant industry and production is labour intensive, by using only restricted quantities of capital.
b. Stage 2: Transitional Stage or the preconditions for takeoff Surpluses for trading appear supported by an emerging transport infrastructure. Investment and Savings grow. Entrepreneurs emerge.
c. Stage 3: Take Off Industrialisation raises, with workers switching through agriculture to manufacturing. Development is concentrated into a few regions of the country and within one or two industries. Latest political and social institutions are developing to support industrialisation.
d. Stage 4: Drive to Maturity Growth is currently diverse supported through technological innovation.
e. Stage 5: High Mass Consumption Countries have advanced develops industrial society, Standard of living and better productivity. Population growth slows.
Question: (a) State whether the following statements are TRUE or FALSE. Justify briefly your answer. (i) Money is the most liquid medium to store value. (ii) An increa
What is the function of the International Monetary Fund, in the promotion of development? The International Monetary Fund (IMF) is the central institution of the international
First-in First-out Method (FIFO) A technique of inventory valuation based on the concept that merchandise is sold in the order of its acknowledgment. In other words, if an elec
Does the structure of the population issue? Dependents into an economy, children as well as old people are assists by the economically active. Dependency ratio uses to measure
Chelsea Football Club a) Reasons could include: the probable for CFC to return healthy profits; CFC may have been undervalued at the time of purchase; Abramovich could simply b
What are the implications of the sustainability in economic growth? Implications of the sustainability in economic growth: Moving in the direction of sustainable development
Subcontracts frequently include penalty clauses to provide the main contractor defence into the case of the supplier’s poor performance. Why are penalty clauses not the complete an
How is the equality of income distribution measured? The Gini coefficient is a statistical type measure of income distribution. This Gini coefficient is: • 0, which impl
What is the difference between absolute and comparative advantage? Difference between absolute and comparative advantage: • Absolute advantage arises while a country or reg
a) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the comm
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd