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How does Structural Adjustment Programmes/Poverty Reduction Strategies assist development? Structural Adjustment Programmes (SAPs) /Poverty Reduction Strategies (PRS) are an ef
What is the difference between real and nominal Gross Domestic Product? National Income consists of a price and a quantity element. When the price level doubled along with simi
Define institutions in the context of business strategy, and explain the role of institutions when considering entering a foreign market. Explain the role of culture in how these i
What is good governance? Governance is fundamentally another word for government and is a necessary precondition for development. It is how governments employ their authority
What are the assumptions of unbalanced growth? Development cannot be initiated through one industry. Government recognize strategically significant areas to planned economy or
the markert is said to be an invisible hand in the economic system , how
What are the social economic factors and non economic factors in the development process? Development is a process including change into a number of social economic and non eco
What are the problems of Environment in Economic Growth? Environment Problem: Economic growth can damage the environment by: • Negative externalities as an example waste thr
uses of time series
How does economic system influence the development process? The development experience of free market or capitalist and command as socialist/communist countries is extremely d
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