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How does sectoral change enhance development?
The Lewis Model argues economic growth needs structural change into the economy whereby surplus labour into traditional agricultural sector along with zero marginal products that migrate to the modern industrial sector, here their marginal product is much higher.
The Rostow model classifies a progression through primary orientated production along with low value added to manufacturing and services along with high value added.
Shifting resources through low productivity primary zone to higher productivity sectors increase output and income.
In the absence of taxes, subsidies or other distortions, the market demand and supply for bags of cement would be given by Q D = 1500 - 10P and Q S = 140P, respectively, where Q
what are the types of technical economies?
A businessman invested $ 4000.00 as his fixed cost in a new venture that produces batteries. Each of these batteries cost $150.00 to manufacture and he sells each battery for $180.
advantages of government grants
Describe the difference between value management and value engineering. Value Engineering: It is concerned all along with determining the cheapest method of accomplishing
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What are colonial background countries of the development process? A colony is a country controlled by other. Various European countries had extensive empires as: • Latin
Suppose a $1,000 face value bond has a coupon rate of 8.5 percent, pays interest semi-yearly, and has an eight-year life. If investors are willing to take a 10.25 percent rate of r
QUESTION Write short notes on any three (3) of the following: (a) National income and the standard of living. (b) Globalization and its implications for developing countr
Explain why Caerphilly are considering this model of service provision Examine the costs and benefits of joining the shared service model. Your answer should cons
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