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Do policies that work in one country always work in another?
Less developed countries are similar but diverse in terms of history, institutions, culture and governance and many more.
• There is no one policy that guarantees development
• The efficiency of a specified policy depends on the exact circumstances of country as like the IMF is criticised for a one-size suits-all approach to development policy impressive the similar market orientated rules onto all countries irrespective of local conditions.
What are the reasons for globalisation? Globalisation is the result of: • Enhancements in communications and transport, • Elimination of trade limits and exchange contro
What are the constraints facing governments in the promotion of development? The constraints facing governments into the promotion of development: The capability of a govern
Why is AIDs a major economic problem? AIDs are a tragedy which is affecting the structure and size of population. There AIDs is widespread in between the economically active th
The manager of a movie production company is thinking of investing in new graphics computers for a price of $325,000. The computers are expected to have a useful life of 3 years.
You are given the following functions in a fully competitive market: Market demand function: Qd = 20 – 3P Market supply function: Qs = 4 + P Where P is price A) In which price s
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Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
What is the development gap? The development gap refers to the divergence between standards of living in the developed and developing world. As like Source World Bank:
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Explain Marris’ Growth Maximisation Model in detail. Explanation of the model Constraints Demerits
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