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What are Rostowís assumptions?
Assumptions of Rostowís:
• Economic development procedure is universal which is all countries whether within Africa or Asia go by the same series of linear stages onto the way to modernity
• For Europe what worked there after the war will work for all developing countries.
causes of exceptional supply curve
1. How would you describe a market economy? 2. What distinguishes a market economy from a command economy? 3. Is there a role for government intervention in the Australian econ
What is the fixed cost
What is an alternative process strategy to the assembly line that Wheeled Coach currently uses?
What is development process? Development process: Development is measured through outcomes that are development occurs while key indicators of human well-being enhance. Th
QUESTION 1 Critically examine alternative theories of money demand and specify a demand for money equation for Mauritius. QUESTION 2 Discuss the macroeconomic and micro
What is import substitution? Import substitution: It is a government industrialisation policy for development by replacing imports along with domestic production. St
cn i get an example of it
When it works, government "industrial policy" that funnels critical capital to just the right ventures and facilitates market coordination-in contrast to usually messy market compe
How can external trade promote economic development and growth? International trade permits increased specialisation than higher output permits economies of scale. • A big m
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