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Is industrialisation significant in the process of development?
Industrialisation is considered as a major driver of LDC development. Industrialisation arises while a predominantly agrarian economy becomes industrialised that is an increase into the relative share of GDP and employment accounted for through the secondary sectors.
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how does economic theory contribute to managerial decisions?
There are two agents, A and B. Both have preferences represented by a von Neumann-Morgenstern utility function u(c s j ) = ln (c s j ), where c s j is consumption of agent j in
Is an unequal distribution of income and wealth a problem? Explain in short. Yes: because specified no government intervention, which on very low incomes cannot afford necessar
analyse the method by which a firm can allocate the given advertising budget between different media of advertisement
You can buy as many drinks as you want at $1 each. You can also buy as many chocolate bars as you want at $2 each. You have $5 to spend. You must buy whole bars and drinks, that is
Scenario: A client comes to you for investment advice on his $500,000 winnings from the lottery. He has been offered the following options by three different financial institutions
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1. Consider the market where there is product differentiation with two firms. The firms are choosing prices p1 and p2 and have demands given by q1 = 40 - 0.5 p1 + p2 q2 = 60
What are some of the changes taking place in the international business environment? How do changes in the international business environment affect pricing, output, cost and profi
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