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Is low savings a problem?
Countries along with low savings are caught into the vicious circle of poverty: there low savings, implies low investment low productivity therefore low income and low savings.
Higher incomes allow higher savings thus investment, higher output, capital formation or accumulation and income and higher savings and many more.
What are Harrod-Domar restrictions? Harrod-Domar restrictions: • Non economic social, cultural, political and institutional circumstances are unimportant into growth pro
Markets are often classified in terms of the nature of competition and collaboration they facilitate. In economic analysis, if the elements of competitions are “pure” then the mark
What are the external constraints on government action less developed countries? External Constraints on Government Action LDCs face external factors beyond their control are:
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What is the Monterrey Consensus? The World Bank estimates aid should increase by $50bn to resource the main aim of the Millennium Development Goals: containing the number of p
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