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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 to pass laws and exercise force for the usual good. It is concerned along with how:
• Rulers are choose, monitored and replaced for example through free and fair elections or like an outcome of a military coup
• The authorities efficiently control resources and implement policies as like are decision taken for vested interests or the common good
• Disputes are settled for example by the impartial rule of law or through force.
What are the similarities among the developing economies? Common characteristics of LDCs (Less Developed Countries) include: • Low living standards (that is low real income
Why are many economists opposed to licensure of medical facilities and personnel?
Mr. M enters into a contract with Mr. R under which R agrees to build a model railroad for $200. The value of the model railroad to M is $300. Expecting that the model railroad wil
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 do you call an entrepreneur using someone elses ideas to start a business
Suppose that a company knows that on average, 30% of guests at a hotel will eat at the hotel restaurant. What is the probability that on a given night that at least 33% of the 160
The reserve requirement is 20%. Assuming banks have no desire to hold excess reserves, calculate the money multiplier. Now assume the banks want to hold 20% of their reserves in ad
What are the import substitution policies? Import substitution policies are as follows: Need trade restrictions for example, tariffs and quotas to defend infant industr
Persuading someone to buy is a complicated process. Why is it? Is the process inherently difficult, or is it since so many people are included? Persuading is an affecting skill
Consider another company, Lateco, which has just received its fifth round of investment. These rounds have been: Series A: CP ($5M FV) or converts to 5M shares of common. Se
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