Some people might think that de-development is about giving things up. How does Hickel explain that this is not the case

Q: In Chapter 11, Tietenberg and Lewis note that market imperfections are a major cause of…

A: Meaning of Market Failure: The term market failure refers to the situation under which there…

Q: Which institutional design would you say is more suitable for economic growth: a majoritarian or a…

A: Economic Growth: Economic growth occurs when the production of goods and services increases as…

Q: Which of the three objectives of development should you meet and apply from the given scenario? In…

A: Here, the Canadian survey founds that most of the Muslims in Ontario have different values and…

Q: How could sustainable urban development contribute to economic progress?

A: Urban development refers to the development of public infrastructure for education, health, law…

Q: Why might high levels of inequality lead to lower rates of growth and development? Why might it be…

A: A country with high initial inequality has a lower rate of income distribution that is equally…

Q: What is Development Planning? Why is there a need for economic development planning?

A: The creation of wealth from which the benefits of the community are being realized is known as…

Q: write on the role of complementarities in the process of economic development?

A: Economic development is the process that aims to improve the quality of one's life not just…

Q: In a capitalist economy, is income inequality necessary for economic growth?

A: - Income inequality is the unequal income distribution between different entities in society. It is…

Q: Why and how did Hirschman argue that by putting things the wrong way around, by actually creating…

A: the Currie-Hirschman debates allow us to watch the evolution of the key elements of Hirschman’s…

Q: How can Theory of Economic Development promote businesses to perform better?

A: Economic development: It refers to the strategies that deal with the development process of the…

Q: What is the effect of an increase in total factor productivity on steady state population and…

A: A Malthusian growth model, sometimes called a simple exponential growth model, is essentially…

Q: Why are people called as the real products of development?

A: Economic growth is a notion that reflects on the aggregate economic aspect of a specific nation and…

Q: During the last 20 to 30 years, there have been a number of countries whose econo- mies have…

A: The following problem has been solved as follows:

Q: How sustainable development is depend on socio economic development?

A: Sustainable development means striking a balance between meeting the human needs of development and…

Q: Why would you expect an inverse relationship between self-sufficiency and real GDP per capita?

A: The value of the total economic output of a country, adjusted for inflation, divided by the total…

Q: Why is the economy a significant driver of development? How does this happen?

A: The economy consists of the combination of all the activities that take place in a country, for…

Q: Why might high levels of inequality lead to power rates of growth and development? Why might it be…

A: Maintaining equity or reducing inequality is one of most important objectives of any government.…

Q: Explain two measures of sustainable development.

A: Sustainable Development refers to the development of economy by using the resources in such a way…

Q: How is Schumpeter Theory of Economic Development promote businesses to perform better? discuss

A: Schumpeter’s theory of development assigns huge role to the business and innovations introduced by…

Q: What are economic institutions, and how do they shape problems of underdevelopment and prospects for…

A: The production, distribution, exchange, and consumption of products and services are all organised…

Q: What is development policy and policy mix in microeconomics,please give two examples.

A: Macroeconomic policies:-  There are three main macroeconomic policies:- 1) Fiscal policy:- Changes…

Q: Which factors explain the difference in per capita GDP between two countries according to the…

A: Answer - Need to find- Factors which difference in per capita GDP between two countries according to…

Q: Why is a strictly economic definition of development inadequate? What do you understand economic…

A: The Economic Growth says that the more the actual GDP is production or more. Economic growth is…

Q: Which of the following options listed below do economists count as determinants of economic growth?…

A: Economic Growth is defined as an increase in the production of goods and services in an economy. It…

Q: What is the relevance of productive and allocative efficiency to the growth process?

A: Economic efficiency refers to the state in which all the resources are optimally allocated to serve…

Q: What is economic development? Explain its nature and importance.

A: Economic growth can be defined as an increase in output through increase in factors of production…

Q: Why do you think many developing countries like the Philippines were convinced of the necessity of…

A: The concept of economic growth is concerned with only the variables like GDP level, whereas the…

Q: What is PURA Model Development?

A: PURA stands for Providing Urban Amenities in Rural Areas.

Q: How does geography impact economic development??

A: Geographical factors include the level of natural resources in a nation and hence can influence the…

Q: Why must we change our paradigm of growth and consumption to that of de-development? Elaborate your…

A: In the real-world, courtiers follow a paradigm of growth according to which the more the country…

Q: Describe the Lewis Theory of Economic Development comprehensively?

A: ED {Economic development} is a comprehensive concept and it implies progressive changes in the…

Q: ow is the de-development framework different from traditional frameworks of development?

A: De-development framework: It refers to the framework under which the development is being stopped by…

Q: Microeconomic development planning explain

A: Generally, economic planning has always been associated with macroeconomics and planning at the…

Q: Why are the terms de-development, de-growth and zero growth seemingly unacceptable when frame d with…

A: Zero growth is to mean that there is no growth in the output of the economy. Development degrowth…

Q: What is the plantation economy model

A: A market economy is a sort of economic system where the economy is controlled by supply and demand…

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: Explain the idea of sustainable development.

A: Sustainable development refers to the utilization of scarce resources without compromising the needs…

Q: Which government action would be taken in a command economy to address the problem of economic…

A: The command economy is characterized by public ownership of nearly all property resources and…

Q: Why is a strictly economic definition of development inadequate?  What do you understand economic…

A: Traditionally, GDP is used to determine the development of the economy. However, it does not reflect…

Q: Give the point of view of Marx and Engels on economic development. Explain the pros and cons.

A: Capitalism refers to a market system in which capital is owned by private producers.

Q: May I know why the endogenous growth model that represents standard of living and economic growth is…

A: Endogenous growth model: - Endogenous growth models are based on the innovation of human capital…

Q: How would the objective of economic growth through free markets conflict with an objective of social…

A: Economic growth through free markets is based on efficiency i.e. the producers are selling at a…