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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.
Explain about the term underemployment and unemployment rate. Discouraged employees are non-working people who are able of working although are not actively in search of a job.
The managing director of Christine plc, a company which specialises in acquiring small businesses, has considered the following potential investments. Only one of these investments
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
What factors would you consider while deciding on the frequency along with which you would report progress to (1) senior IS management, and (2) customer management? A main fact
cn i get an example of it
What is exceptional supply curves
Demand uncertainty, particularly in the fast fashion industry, is a significant factor. For this reason, María, the Supply Chain Manager of The Fast Fashion Group (FFG) has decided
What is dual economy and development in an economy? Development in an economy: Differentiated or uneven development arises while the benefits of growth are not shared ev
Problem 1: (a) In what specific ways does Becker's model of the allocation of time differ from the simple work-leisure choice model? (b) Compare and contrast the functioning
What are the assumptions of Lewis? LDCs (Less Developed Countries) have two (dual) economies as: • Rural traditional economic and social practices, which overpopulated, s
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