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What are Rostowís limitations?
• Presently LDCs face much various conditions than DCs into the 19th century the origin of Rostowís studies
• LDCs are very same but very different which generalised solution inappropriate is
• Rostow does not describe the link in between Investment and Savings. The Harrod-Domar model best describes that.
• Savings fund investment but investment alone is an essential but inadequate condition for growth. Growth requirements right social, Cultural, institutional and political conditions to be into place too.
What are the processes of industrialisation for productivity? The process of industrialisation increases productivity and per capita incomes and includes: a. Urbanisation
A clinic uses doctors and nurses optimally and is servicing the maximum number of patients given a limited annual payroll. The last doctor hired treated 1,600 extra patients in a
What is Balanced Growth theory? Balanced Growth theory: This theory argues that market is not capable to deliver growth. State approaches to development are needed since
Percentage Method
Why do markets work into promoting development? Liberal economists dispute a free market economy works since this gives incentives for self-generating growth. Particularly the
QUESTION 1 (a) What are the objectives and instruments of monetary policy? (b) "With financial liberalisation, there is a need to shift from direct instruments to indirect m
explain the role scarcity of resources plays in economic decision making
why do businesses have to sped money (expenditure)in order to succeed?
Financial engineering deals with the design of new assets. Draw the payoff (at t=1) of the following bull butterfly spread: Purchase 1 call with exercise price a Sell 2 calls
demand and supply curve for luxury goods
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