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QUESTION (a) With reference to price elasticity of demand, discuss and illustrate the effects on government revenue of increasing value added tax on goods and services. (b)
essay on Localization of Industries
Assume that the per capita income in Alfaland (with initial high per capita income) is growing quicker than it is in Betaland (with initial low per capita income). Then: the gap in
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What is the capital-output ratio? Capital-output ratio: This ratio (k) is the amount of capital required to produce £1 of Gross Domestic Product generated, every year.
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
How does culture influence the development process? Culture influences what is of value into a society and affects how individuals, communities and organisations react to modi
What would course a fall in equilibrium price?
How does foreign debt management improve development? Borrowing is a policy to encourage growth like aid represents an injection of resources within the economy which enable
define scarcity and opportunity cost? what role these two concepts play in the making of decision making?
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