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Illustrate the implications of agricultural price instability problem for Less Developed Countries?
Implications of agricultural price instability problem for LDCs:
a. Agricultural products are issue to price volatility through uncertain harvests. When supply increases through growth, then price falls by a greater proportion decreasing producer incomes.
b. Cartels have been unproductive in maintaining price by limiting output.
c. Producers obtain a few pence for each pound spent into western coffee shops. Developed countries keep most of the value added.
There are some examples to government act upon of dip recession. Number of unemployment last long years in companies and take away labour in order to decreased pressure on expen
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Assume that the per capita income in Alfaland (with initial high per capita income) is growing quicker than it is in Betaland (with initial low per capita income). Then: the gap in
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What is the capital-output ratio? Capital-output ratio: This ratio (k) is the amount of capital required to produce £1 of Gross Domestic Product generated, every year.
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