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World Trade Organization: An international economic organization based in Geneva, Switzerland,formed in 1995 which is dedicated to promoting greater trade and investment among its members. Most countries in world now belong to WTO and thus have committed to reducing restrictions on foreign investment, reducing non-tariff barriers to trade, reducing tariffs on imports and usually following a pro-market vision of economic development
GROWTH OF EMPLOYMENT OPPORTUNITIES: Policy failure refers to situations: i) When the objectives of public policy are attained partially or inadequately or in a distorted
SHOW MATHEMATICAL EXAMPLE
the price elasticity for gizmos is known to be 1, if sellers of gizmos increase their
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Borrowings: The widening fiscal gap led to a steep rise in the outstanding liabilities of the Central Government. The outstanding domestic debt of the Central Government as a
Question: There is widespread belief that the process of globalization has largely bypassed Sub-Saharan Africa, leaving the sub-continent in a state of marginalization in the w
equilibrium price and output.
Proportion of Workers in Organised and Unorganised Workers: Increasing share of employment in unorganised sector reflect the deterioration in the quality of employment because
Deviation - Difference between the expected and actual payoff - Adjusting for the negative numbers - The standard deviation measures square root of average of squa
clarify the opportunity cost theory
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