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Development: Economic development is the process through that a country's economy expands and improves in both qualitative and quantitative terms. Economic development requires coming together of numerous different processes and conditions: accumulation of real capital; development of education, human capacities and skills; improvements in governance, democracy and stability; and changes in the sectoral make-up of the economy.
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Determine The Rule of Divergence in General Though even if attention is confined to non-communist-ruled economies there still has been huge divergence in relative output per w
according to Tobin 1993,examples of Keynesian unemployment includes situation where
Dividend The distribution of an organizations earnings to its owners-the stockholders. Cash dividends are most ordinary, although partition can be issued in other forms, such
Explain about the term cost function. Cost Functions This function measures the minimum cost of producing a specified level of output for some fixed factor prices. Likewise
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What simplifying assumptions does the traditional macroeconomic model make (in addition to those made in the NIPA)? The simplifying assumptions are: 1) The household and i
what is production possibility curve?
explain stages and various coordination mechanism involved in policy process
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