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Illustrate liberalise or open up trade in market for promoting development?
Liberalise or open up trade implies that:
• Abandoning fixed exchange rates and elimination of restrictions onto imports for example tariffs and quotas. Formerly defended industries may be not capable to compete and require short term protection to permitting unrestricted capital flows as like an example of FDI distorts the economy of an LDC for example resources are assigned to meet the requirements of transnationals and not domestic producers and consumers; speculative capital inflows produce unstable exchange rates.
Is structural change a problem? Economies are dynamic and adapt to meet evolving consumer wants needs. This means resources are moved from use to use in response to, say, chan
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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
function of economics
what are the pricing policies
QUESTION 1 i) Distinguish between the different kinds of concentration measures ii) Briefly describe the axioms of Hannah and Kay (1977) iii) Derive and explain the Dorfm
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