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How do economists group countries at various stages of development? There are three major forms of classifications: • IMF: Developing and industrial, transitional economi
What is import substitution? Import substitution: It is a government industrialisation policy for development by replacing imports along with domestic production. St
Question 1 Explain the law of diminishing returns. What are its causes and effects? Question 2 Compare perfect and imperfect markets Question 3 A monopolist with a linea
How can the population controlled? Governments can take some steps to controlled populations: • Enhance the education of women and their employment opportunities raises and
Problem 1: (a) The Mauritian government is now increasingly involving the private sector in the development of the economy. How can government support effective private sector
assignment .
using a diagram, evaluate the effect of a decrease in money supply to the equilibrium in the goods and money market
what makes other individuals save more than others
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
(present value) Suppose an entrepreneur considers to invest in a project. It needs a cash investment $I at year t = 0. If she/he invests, the project will generate an annual cash
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