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Why are markets considered as unsuitable for promoting development?
The process of establishing a market system frequently includes radical reform which produces both winners and losers. Frequently the burden of adjustment reduces unequally on society. For illustration:
• Getting prices right
• Macroeconomic stability
• Liberalise or open up trade
• An attrition of traditional community values and acceptance of an alien western culture which values the maximisation of profits and consumerism by maximisation of personal consumer welfare
• Larger disparities into income and wealth while the benefits of growth are unevenly distributed. Raised income inequalities can cause social alienation and exclusion
• Growth and development may be untenable.
Types of Transaction on the Capital Account are stated below: It is useful to recall the basic types of transactions recorded on the capital account: foreign portfolio investme
what are the abstracting and indexing services in social science?
BALANCE OF PAYMENTS: The record of all transactions (trade and financial) of the residents of one country with the rest of the world is Balance of Payments (BoP). The directio
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1.Randy Johnson made a decision to foryo college to worki in the family business/How sure was he that was his right thing to do to work for family? 2 Hal began discussing about
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Development Strategies are explained as follows: Keeping the reasons for the persistent poverty in the LICs aside, there are three broad progress strategies which have been ado
What are the formal and informal sectors? Formal and informal sectors: Economic activities considered as to the government make up the formal sector of the economy. That
How can the size of shadow economy estimated? The size of the shadow economy is estimated when activity is undeclared as the amount of informal activity can be calculated: a
PRICE ED OF DOVE SOAP IS GRATER THAN BATHING SOAP IN GENERAL.. GIVE REASON. AN WHAT U ANALYIS
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