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Explain any two causes of underdevelopment operating in the economy?
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Solved in 2 steps
- Why social entrepreneurship plays an important role in the poverty reduction of the country?Explain the impact of corruption from an economic perspective!Do you think General Mills’ rapid progress toward some ofits goals means it has set appropriate benchmarks for socialresponsibility achievement? Or should it set higher ones?
- Outline THREE (3) benefits and THREE (3) costs associated with economicdevelopment.Here is a second hypothesis: A well-funded social safety net may lead to less regulation of the market economy. Explain why this might be so, and sketch a production possibility curve that shows this tradeoff.Define the concept of Imperfect Multicollinearity?
- Q4.2) Describe in detail the main obstacles that exist in South Africa to further economicdevelopment. Make reference to the NDP.Explain each of the following Institutional Sectors of the SNA. v)Households sector- (including incorporated enterprise within households)Why does private ownership tend to be more effecient and productive than collective ownership?
- How can the middle and lower classes contribute in alleviating inequality in society and improving governance? Cite three examples.Which of the following is a reason to deviate from the Haig-Simons comprehensive income definition because of correcting externalities? a- Imperfect information b- Charitable giving c- Consumer sovereignty d- Medical expensesMark Zuckerberg of Facebook and Elon Musk of Space X have taken risks to build to their businesses and been successful at it. The fundamental premise for their success mostly hinges on the ownership of private property and free market forces. For billionaires like them who have made their wealth mostly based on their own effort and perseverance, would it be fair to impose high income tax on them to redistribute their wealth to help the poor?