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What is Unbalanced Growth theory?
Unbalanced growth shares analysis along with balanced growth theorists which free markets cannot produce development. Planning of government intervention and co-ordination is needed.
Conversely, unbalanced growth theorists argue that adequate resources cannot be mobilised through government to promote coordinated, widespread investments into all strategic industries.
They argue that some industries along with the greatest number of backward and forward links should be prioritised. All favoured industries grow quicker than other regions of the economy.
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
Consider the following information in the international money markets: Spot rate : $0.95:€ Forward rate (one year) :
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a) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the comm
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