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How does macro-economic stabilisation assist growth? Economic agents as the consumers, private zone and overseas investors as like multi nationals make decisions based onto co
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How can external trade promote economic development and growth? International trade permits increased specialisation than higher output permits economies of scale. • A big m
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limitations of pareto-optimal conditions as a measurement of welfare
What is import substitution? Import substitution: It is a government industrialisation policy for development by replacing imports along with domestic production. St
What is urbanisation? Urbanisation arises while an increasing proportion of the population live into cities, suburbs or towns. All cities are attractive to potential migrants s
What is the difference between absolute and comparative advantage? Difference between absolute and comparative advantage: • Absolute advantage arises while a country or reg
1. Formulate and record possible research project outline specifications (you are expected to explain your choice of research question, the aims and objectives of the research, and
you are appointed secretary of the treasury of recently indepent country called rugaria
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