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What are Harrod-Domar restrictions?
Harrod-Domar restrictions:
• Non economic social, cultural, political and institutional circumstances are unimportant into growth process
• While capital formation is significant the development of human capital and effective use of latest technologies also raise Gross Domestic Product. Investment is an essential but not adequate condition for improvement
• Suppose closed economy. Within open economy, additional Y might be used for M and not S
• This is complicated to stimulate the desired level of domestic savings
• Meeting a savings gap through borrowing through overseas cause’s debt repayment difficulties later.
• The sector structure of the economy significant (that is agriculture verses industry verses services).
Keynesian economics policy could be distinguished from the classical economics as the main through of the classical theory is that supply creates its own demand which is described
Define the difference between configuration management and change control and the relationship among them. Change control is the management of the project scope. Configuration
Scheduling a project includes understanding the degree to a project tasks can be separation. Define the meaning of this term and what effect does partitioning have onto the schedul
This is concerned with any one of the following forms. controlling the supply of money controlling interest rates Rationing the amount of credit granted by banks
The Scenario You have just been appointed as the procurement consultant for a large multinational with operations based in Brisbane. Your superior, the Chief Financial Officer (
Suppose a firm’s budget were large enough to employ 100 units of either labor or capital, the cost of a unit of labor being the same as a unit of capital. The production function i
What is Economic development theory? Economic development theories and models seek to describe and predict how the: • Economies may develop or not over time in excess •
QUESTION (a) Explain what factors might determine the level of investment in an economy. (b) ‘If investment increases it will cause an increase in income. If income increase
As selling is an ‘asking process’, how you could use this to assist you sell some further functionality to a system under development? When we use the buying cycle like a guide
EXPLAIN WHY INTERDEPENDENCE IN OLIGOPOLY RESULTS IN A TENSION BETWEEN COOPERATION AND COMPETITION.
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