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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
• Barriers to growth can be known and overcome
• Government can encourage or start, accelerate and sustain growth with suitable development polices.
visit to village panchayat for agriculture based project
What are Harrod-Domar assumptions? The H-D (Harrod-Domar) model assumes as: • Fixed capital output ratio. Nonetheless, diminishing marginal returns to capital element exist
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The government spending on given goods and several services including public. This is government spending on state-provided goods and services including public and merit goods. Dec
How has the definition of diversity changed over time? Can a diverse workforce help a company compete more effectively? How?
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