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Discuss the following in relation to China's market reforms:
(1) the political and economic factors on the basis of which China decided to undertake market reforms;
(2) how China's approach to market transition differs from the approach followed by the ex-Soviet economies;
(3) to what degree China's peculiar strategy can be considered critical for the success of China's rapid growth;
(4) the implications of this for other developing countries seeking to follow the same path.
The amount of a good or service that a consumer is willing and able to buy at each particular price
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Question 1: By using appropriate models critically analyse the following statement: "Money demand for speculative as well as transactional motive is inver
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What are the similarities among the developing economies? Common characteristics of LDCs (Less Developed Countries) include: • Low living standards (that is low real income
a) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the comm
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