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How can external trade promote economic development and growth? International trade permits increased specialisation than higher output permits economies of scale. • A big m
how does income flow in a governed economy
How is business cycle essential in economic downturns and upturns? The Business Cycle: It is the short-run alternation between economic upturns and downturns. A
What would primary markets look like in absence of secondary markets?
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Explain the implications international capital flows problem. Implications: • FDI can assist physical capital accumulation and result within growth - usually beneficial b
what is nature of elasticity?
I. Describe your company Relevant history Resources, strengths, weaknesses Purpose, mission (what does your company do for whom) Company brand / position: what m
Why are markets considered as unsuitable for promoting development? The process of establishing a market system frequently includes radical reform which produces both winners
How static multiplier can be shown diagramatcally
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