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Illustrate some example of the development process affected on culture.
Examples of the development process affected on culture:
• Foreign Direct investment (FDI) and IMF structural reform package scan be considered as neo (near) colonialism since they including adopting a foreign business culture.
• In western ideas are accepted only when they do not contradict prevailing social structure and religious beliefs.
• Russia is struggling to put back the values of communism along with which of a free-market democracy and economy
• A culture of material consumption is acquiring ground in between the emerging middle classes of LDCs.
Explain how getting right price affected the market for promoting development. Getting prices right implies: • Abolishing price controls as well as subsides on fundamentals.
What is Baumol''s Sales Revenue
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#question the importance of managerial economics..
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The problem with the above method crops up when we want to compare two or more dissimilar (different sized) projects. A mega project may yield a very large NPV sum, whereas a mini
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