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How does Structural Adjustment Programmes/Poverty Reduction Strategies assist development?
Structural Adjustment Programmes (SAPs) /Poverty Reduction Strategies (PRS) are an effort to tackle underlying problems which give rise to Debt, balance of payment and exchange rate crisis. Conversely these programmes are criticised as ineffectual since:
Where countries to grow cash crops for export like part of structural reform, rose supply reduces world price. Specified low PED TR reduces for less developed countries exporting primary products reduces.
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How can less developed countries economies produced by developing its primary sector as agriculture? Less developed countries economies cannot grow by developing its primary se
What factory overhead expenses are involved?
What is import substitution? Import substitution: It is a government industrialisation policy for development by replacing imports along with domestic production. St
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What are the predictions of balanced growth? When government can co-ordinate immediate investment in several industries one firm gives a market for another. It needs state pla
1. Why does the quantity of salt demanded tend to be unresponsive to changes in its price?
Why is not Aid improving development? Aid not improves development because: • Aid is spent on current consumption • It is spent on unsuitable capital as opposed to suitab
QUESTION a) Differentiate between returns to factor and returns to scale. b) In the long-run the Average Cost Curve is u-shaped. Discuss c) Whenever a firm is making loss
Question 1: Write short notes on any FOUR of the following: (equal marks each) (a) Law of diminishing returns (b) Barriers to entry (c) Consumption Function (d) Devaluati
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