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Does economic growth automatically reduce poverty?
Growth implies more goods and services are obtainable to satisfy more wants and requirements. But the benefits of growth may flow to a few ruling elite. Shortly, the impact of growth depends onto how extensively and fairly income is distributed. Real growth is essential, but not adequate for poverty reduction
Many economists advocate the trickledown theory. There the initial benefits of growth go the wealthy, but ultimately trickle down to the poor for example rich families buy local produce and use servants, many more
Implications Government can intervene to decrease poverty by transfer payments and progressive taxation giving public and merit goods and services free/below cost. This expenditure may beyond the resources of Less Developed Country governments.
Is agricultural price instability a problem for Less Developed Countries? Problem of agricultural price instability for LDCs: a. Several Less Developed Countries have a com
function of economics
explain total productivity
What is the effectiveness of Non-Government Organisations, within the promotion of development? Critics argue NGOs (Non-Government Organisations): • Are self-serving and se
Importance of production.
Nathan is a successful public relations (PR) consultant, thanks to an outgoing personality and sharp intelligence. At 35, he is near the height of his earnings potential, at around
Explain about theories and models linked to development. • There is no one agreed theory of development. All models, as Rostow, provide an insight in one or two dimensions of t
Problem (a) What do you meant by Contract Management and what is the central aim of contract management? (b) Show the end-of-contract options and describe the cost involve
compute the opportunity cost
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