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How do economists group countries at various stages of development?
There are three major forms of classifications:
• IMF: Developing and industrial, transitional economies;
• World Bank: A country is classed like being underdeveloped onto the basis of its low and real per capita income,
• UN: based onto composite indices as like Human Development Index (HDI)
Define economies grow of less developed countries by developing its secondary sector. Less developed countries economies grow by developing its industrialising: Manufacturi
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
How does economic system influence the development process? The development experience of free market or capitalist and command as socialist/communist countries is extremely d
structure of the econamy
Equation (1) gives a hypothetical demand curve for hybrid vehicles in the United States during the year 2000, where Q is the quantity demanded and P is the price. Equation (2) giv
the central problem facing a group of survivors on a ship
to explain in detail how to get five rights in procurement and supply
QUESTION (a) Explain the term Balance of Payments (BOP) and how a government would intervene to correct a BOP deficit. (b) Explain the protectionist measures that a governme
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
International Labor Mobility
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