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A: Globalization refers to the interdependence of many world cultures, demographics, and economy. It's…
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A: Labor relation: It refers to the system under which the employees and employers take various…
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A: The baltic states refers to the unofficial geographical term which is used to describe group of…
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A: Economic system refers to the a particular framework under which all economic agents (individuals,…
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A: Government plays an important role in various aspects of the economic stability. It ensure the…
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A: Mixed economic system consist of both capitalism and socialism.
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A: According to Charles Wheelan, human capital is refer to the people who would be getting richer then…
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A: Factor income: It means the income received from the factors of production.
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A: Entrepreneurial means someone who has creative business ideas and work towards achieving those ideas…
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A: Labor productivity shows how much output is produced in the economy in an hour. It incorporates the…
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Q: The law of increasing opportunity cost arises because of the lack of labour mobility?
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A: Introduction Farmer of the poorest and developing countries are poor but they are efficient. So this…
Q: According to Charles Wheelan's Naked Economics, which of the below is NOT TRUE for human capital?…
A: Naked economics: Written by Charles Wheelan and published by W.W.Nortan & Company the book naked…
Q: How is a traditional economy similar to and different from a mixed economy?
A: An economic system is that system where governments or societies arrange and allocate available…
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A: Arthur Lewis gave his theory on economic development under which he stated that the surplus labour…
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A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Explain your understanding of a Mixed Economy. Give some examples to support your view
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- How is a traditional economy similar to and different from a mixed economy?“Sending service jobs to low-cost nations, such as India, is good for America.” What are the arguments in support of such an assertion?Define Free Market Economy, Planned Economy and Economy of a welfare state. Which economic model is best suited for development in Pakistan and why?
- does globalization has created new problems and exacerbated existing difficulties for many of the urban poor?In 2006, Warren Buffett, the world’s second richest individual, announced that over the next few years he would be giving 85% of his wealth, over $30 billion, to the Bill & Melinda Gates Foundation. The foundation focuses on grants to developing nations, helping the poorest of the poor. What suggestions would you give the foundation to help these developing nations grow?Why is there so much unemployment and underemployment in the developing world, especially in the cities, and why do people continue to migrate to the cities from rural areas even when their chances of finding a conventional job are slim? Give practical examples in your explanation.
- Economics Create a flow chart that will show the agrarian situation during the pre-colonial era up to marcos regime here in the PhilippinesWalden Bello discussed a variety of conditions to attain human and economic. Which do you think would be necessary for the developing country like Philippines?What do you think should be the role of the state in contemporary developing countries? Is the choice between markets and government an either-or choice? Explain your answer
