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How does economic system influence the development process?
The development experience of free market or capitalist and command as socialist/communist countries is extremely different. The evidence considered clearly that:
• Command economies have been not capable to deliver sustained economic democracy and development.
• Just Cuba and North Korea manage a command economy and North-Korea standard of living (SoL) is far lower than its free market neighbour, South-Korea
• The former soviet block of countries are currently transitional economies moving by a command to free market system.
If nominal GNP enhances at a rate of 10 per cent per year whereas the GNP deflator enhances at 8 per cent per year then show how much real GNP rises. Explain?
despite of pitfalls forecastimg is indispensable to a business firm.discuss the importance of forecasting in light of this statment
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Managerial economics is the discipline which deals with application of "economic theory to business management" Discuss
Explain how the economic theories applied in business economics
What is the function of multinational companies into the promotion of development? A multinational or transnational (TNCs) company operates within two or more countries across
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
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
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