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How does population growth produce development?
The impact of population growth depends upon the form:
• By net migration. When the increase into population is highly skilled employees with high productivity growth is increased speed. An increase in dependents hinders growth
• By a natural increase. An increase into population size since births exceeding deaths takes at least fifteen years to work by in a potentially higher population.
What is factor endowment problem? Factor endowment Problem: Several LDCs have a poor factor endowment than productivity and incomes both are very low according to world
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What are the disadvantages of a informal economy?
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