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How does colonial background influence the development process?
Colonial experience influences:
• Language for example the official language of US is English.
• Legal and value system
• Infrastructure for example, New York inherited an extensive railway network onto independence
• Model of international trade.
Explain about the long-run economic growth. Long-Run Economic Growth: Secular or long-run growth is the continued upward trend into aggregate output per person over many
What is social inclusion? Social Inclusion: Social inclusion implies the whole of society enjoys the advantages of economic activity (as income) and have complete access
i want information about the theory of supply
Are weaknesses of financial markets a problem? Problem: a. Potential entrepreneurs require funds to finance new projects. Financial institutions, as like banks, are middle
micro and macro economicsapplied to business environment
The factors that affect the volume of production in economics
what is a micro-finance bank
Explain about theories and models linked to development. • There is no one agreed theory of development. All models, as Rostow, provide an insight in one or two dimensions of t
What are the characteristics of the informal sector? The characteristics of the informal sector comprise: • working for yourself quite than an employer, • Small scale ent
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