Explain and discuss the theory of the developmental state.

Q: nti

A: Technological progress refers to the discovery of improved and new methods for production of goods.

Q: Diversifying the workforce is considered as very important for organizations, due to couple of…

A: Diversified workforce is an important feature of any work organization in terms of growth and…

Q: Draw a Microeconomic Theory of Fertility and then describe the diagram starting from the…

A: The creation of a microeconomic model of fertility required a more detailed specification of a…

Q: o what extent is the stage theory of Rostow applicable to underdeveloped countries?

A: One of the prominent economists of the 20th century was WW Rostow. Before Rosow, development…

Q: What is functional literacy?

A: Literacy is characterized as the ability to interpret and write as well as information of a…

Q: Adam Smith is the father of communism andadvocated a classless society

A: The father of contemporary capitalism is often referred to as Adam Smith. Adam Smith was one of the…

Q: When Marx writes of labour and its values, he focusses on socially necessary labour. why?

A: Socially necessary labour In Marx's criticism of political economics, socially necessary labor time…

Q: How does a typical worker decide how many hours to allocate to the labour market? Why did the labour…

A: A person who is being employed or carrying certain work for a specified payment and time is known as…

Q: Government attempts to reduce income inequality; ensure minimum health, education, and living…

A: Government plays an important role in various aspects of the economic stability. It ensure the…

Q: List three steps you can take to help make the leap fromconsumer to business professional.

A: The three steps are listed below: ·         The idea of business should be completely clear to…

Q: What contemporary leadership perspective represents the direct opposition to transformational…

A: Leadership can be defined as the ability to persuade a group of people to follow a vision or set of…

Q: Outline the benefits of encouraging a learning culture with the work team.

A: There are many benefits of encouraging a learning culture with the work team. a) Increasing employee…

Q: T F Adam Smith is the father of communism andadvocated a classless society

A: Karl Marx is the father of communism Mandela advocated a classless society.

Q: How does Hunt respond to the criticism directed against Marx in his argument on the " increasing…

A: Criticism: Criticism is a form of evaluative or corrective thinking that may be used in any aspect…

Q: What is machination of progress?

A: Definition In terms of globalisation and technical progress, the term "machination of progress" is…

Q: Are labor unions and technological improvements complementary?

A: Labour unions are created to protect workers' rights to prevent them from being exploited by the…

Q: To what extent is the stage theory of Rostow applicable to underdeveloped countries?

A: Economic growth is not the only path to build a better economy. An economy should also consider the…

Q: Education can play an important role in shaping individuals’ norms and values. In what way can the…

A: "Education is the process by which society provides a learner with knowledge, values and other…

Q: Cyclical theories explain the reason social change occurs. T or F?

A: Social Change is explained through 5 theories : Evolutionary Cyclical Economic Conflict…

Q: What would have been an economic and social impact of the Baby Boom in the late 1940s and the 1950s?…

A: The answer is - The demand for teachers would increase for two decades.

Q: Indicate and discuss the three stages/phases of production by means of ahypothetical graph.

A: There are 3 stages of production which are defined through the law of DMR(diminishing marginal…

Q: What is the advantages and disadvantages of machination of progress?

A: The term "machination of progress" is used to describe globalization and technological progress.…

Q: Refer to the demographic transition model below to answer the three questions that follow.…

A: Demographic transition refers to the transition of the society from high birth rate and high death…

Q: what was the economic and managerial legacy of the Industrial Revolution? what were the challenges?

A: The Industrial Revolution turned agricultural and handicraft-based systems into markets centered on…

Q: Define Subsistence economies of industrial structures?

A: Industrial structure shows the component of all the economic, political activity by which the goods…

Q: What is the “achievement gap”?

A: The achievement gap is the difference between academic performance of students.

Q: explain the economic opportunity cost of a unskilled labor

A: Unskilled labor is utilized to allude to a fragment of the labor force related to a restricted range…

Q: The labor force is made up of all people who are at least 16 years old and are capable of working.…

A: (Q) The labor force is made up of all people who are at least 16 years old and are capable of…

Q: What does machination of progress?

A: Globalization and technological progress are referred to as "machinations of progress." The…

Q: Explain how Marx's principle may or may not apply to today: - capitalism survives by exploiting…

A: Karl Marx believed that the capitalistic system is inherently exploitative and capitalists tend to…

Q: What are the endogenous variables in the labor market model?

A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…

Q: What is the LPG Model of Development?

A: The LPG Model of Development was introduced by Dr. Manmohan Singh in 1991.

Q: discuss/explain Transformational leadership.

A: Meaning of Managerial Economics: The term managerial economics refers to the process of a…

Q: What is Mixed Economic System?

A: A Mixed Market Economy or Mixed Market System is a combination of several parameters of market…

Q: Portray the changing occupationalstructure in modern economies.

A: Occupational Structure:- The aggregate distribution of jobs in community, defined by level of…

Q: Explain the impact of education on labour productivity.

A: Productivity is determined by human capital. If human capital is more, the productivity will rise.

Q: High unemployment is socially wasteful. Why?

A: Unemployment is a term referring to individuals who are employable and actively seeking a job but…

Q: What’s the relationship between the QBL, inclusive capitalism, conscious capitalism, and a…

A: Profit, People, Planet, Ethics, and Equity are the terms that characterise the Quintuple Bottom Line…

Q: Given the two human population age structures shown on the right, which population is most likely at…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: If birth rates go up, what happens to the size of the labor force in the future?

A: Birth-rate is defined in a standard way is the increment in new lives among thousands of population…

Q: Match each example to the appropriate term. Trees used to make paper [Choose ] [Choose] Physical…

A: Physical Capital:  Physical capital includes all man-made tangible goods whether it is final goods…

Q: Which situation fits Marx's description of the condition of workers in capitalist economies? a. A…

A: Marx's description of the condition of workers in capitalist economies can be explained as follows:

Q: igm

A: A paradigm shift tends to occur when a major change is being proposed in this underlying system of…

Q: Modified True or False The Lewis Theory of Economic Development assumed two distinct sectors,…

A: Arthur Lewis gave his theory on economic development under which he stated that the surplus labour…

Q: Karl Marx referred to the business owners as

A: The struggle between social classes tends to define relations in an economy that would be leading…

Q: decrease in unemployment may be represented by the movement from

A: A PPC curve depicts the maximum possible combination of two goods that can be produced using the…

Q: Since oral societies can be characterized as homeostatic, cite three contemporary words and their…

A: There are many words that originate daily in the society and are not recorded in dictionaries.