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How is the informal sector, urban modern sectors connected?
Several urban regions into developing countries are dualistic as: current formal activity exists side by side along with huge informal sector as like:
• Traditional manufacturing might exist next door to new manufacturing; and
• Commercial farms might be existed beside subsistence family holdings.
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what are the examples of business economics.
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What are the limitations of comparative advantage? Limitations of comparative advantage: International trade needs wide specialisation. This can have drawbacks as given b
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QUESTION 1 (a) Explain the relationship between scarcity, choice and opportunity cost. (b) How is choice about the use of scarce resources made in a market economy? QUES
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