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relationship between tfc , tvc , tc
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
What are Harrod-Domar assumptions? The H-D (Harrod-Domar) model assumes as: • Fixed capital output ratio. Nonetheless, diminishing marginal returns to capital element exist
Three factors which need to be assessed while considering risks are urgency, impact and likelihood. Define what is meant by every of these terms and demonstrate how each might be a
A .Develop a researchable topic and prepare a research proposal using the layout outlined below. CAVENDISH UNIVERSITY DISSERTATION PROPOSAL LAYOUT TITLE PAGE CHAPTER ONE: INTRODU
How can external trade promote economic development and growth? International trade permits increased specialisation than higher output permits economies of scale. • A big m
business environment
What are the predictions of balanced growth? When government can co-ordinate immediate investment in several industries one firm gives a market for another. It needs state pla
Why does economic development engage structural change? The process of development needs structural change. Usually economies develop by moving resources through agricultural
QUESTION a) Differentiate between returns to factor and returns to scale. b) In the long-run the Average Cost Curve is u-shaped. Discuss c) Whenever a firm is making loss
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