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Analyse the effectiveness of market approaches into promoting development.
Assessing the effectiveness of some system, planned, market or mixed depends onto the choice of display. A market system is effectual in promoting development when there is an enhancement in the indicators of growth, over time The Chinese economy is growing at 10 percent pa and by this one economic measure this is successful. Growth is not essentially development. The benefits of growth are widely distributed.
What are Harrod-Domar restrictions? Harrod-Domar restrictions: • Non economic social, cultural, political and institutional circumstances are unimportant into growth pro
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MC=25+30Q-9Q^2 fixed cost=55 find total cost avarage cost variable cost
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