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Why are markets considered as unsuitable for promoting development?
The process of establishing a market system frequently includes radical reform which produces both winners and losers. Frequently the burden of adjustment reduces unequally on society. For illustration:
• Getting prices right
• Macroeconomic stability
• Liberalise or open up trade
• An attrition of traditional community values and acceptance of an alien western culture which values the maximisation of profits and consumerism by maximisation of personal consumer welfare
• Larger disparities into income and wealth while the benefits of growth are unevenly distributed. Raised income inequalities can cause social alienation and exclusion
• Growth and development may be untenable.
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Is foreign debt a problem? Foreign debt is the whole amount owed overseas through a country at an exact moment in time. Debt is a problem since • High debt imply high inter
Yanni works for Woolworths Limited (WOW) and owns 5,000 Woolworths shares that he received in lieu of a bonus five years ago. Woolworths has reported an NPAT of $1.294 billion and
what are the economic problems facing any individual in the economy
Capital gains and losses are regarded as wind falls. Fluctuation in the stock market prices in one of the most common sources of the wind falls. In a progressive society accordin
advantages of government grants
Make a general comparison analysis of all the business units
1. Consider the market where there is product differentiation with two firms. The firms are choosing prices p1 and p2 and have demands given by q1 = 40 - 0.5 p1 + p2 q2 = 60
explain how a price disciminating monopoly increases profits
What is the function of World Trade Organisation in the promotion of development? The World Trade Organization (WTO) is international association dealing along with the global
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