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what are the similarities among the developing economiescommon characteristics of ldcs less developed countries includebull low living standards that
what are the economies at different stages of development economies at different stages of developmentbull ldcs less developed countries share common
what is dual economy and development in an economy development in an economydifferentiated or uneven development arises while the benefits of growth
what is the main danger in placing countries together in the same grouping it is useful to classify countries by groupings for identification of
what are newly industrialised countries nics newly industrialised countriesrecently industrialised countries nics are ldcs which have undergone
what is the third world third worlddeveloping countries are sometimes termed as collectively like the third world such term can cause offence within
what are less developed countries ldcs less developed countriesdeveloping countries are frequently considered to as less developed countries the
explain the mixed economy systemmixed economy several resources are owned through the public sector government and several resources are owned
define the planned or command economy systemplanned or command economy resources are owned through the state the state assigns resources and sets
discuss about the free market economy in shortfree market economy households own resources and markets assign resources throughout the price
explain about the term traditional economytraditional economy it is where decisions regarding what how and for whom to produce are based onto
what are economic systems an economic system is the system of organisations utilized by a society to solve the economic difficulty of what how and
how do economists group countries at various stages of development there are three major forms of classificationsbull imf developing and industrial
what is a developing economyto say a country is developed or developing needs indicators for illustrationbull the world bank classification utilises
how is gross domestic product capturing the economic dimension of human well-beinggdp gross domestic product only captures the economic dimension of
what are the requirements of national figure to adjustingnational figures first require adjustingbull for population dividing gross domestic product
can national income figures be used to make comparisons of standard of living among countries national income measures the gross domestic product of
what are the national figuresnational income figures bull do not measure social non-economic quality of life indicators as like life expectancy that
what are the limits of national income ny statistics in measuring development within a countrynational income statistics simply show changes in gdp
how is the equality of income distribution measured the gini coefficient is a statistical type measure of income distributionthis gini coefficient
what do you mean by standard of living standard of living solit is incomer per capita head and it is determined by national income gdp divided
why is the growth rate and significant for development the rate of economic development is the percentage increase within real gdp over twelve
what are the major problems in measuring national income the major problems in measuring national incomea unreliable statistics data collection is
what is the difference between real and nominal gross domestic productnational income consists of a price and a quantity element when the price level
what are the social economic factors and non economic factors in the development processdevelopment is a process including change into a number of