Define Free Market Economy, Planned Economy and Economy of a welfare state. Which economic model is best suited for development in Pakistan and why?

Q: Government can play a major positive role in the early stage of economic development by promoting…

A: Economic development includes various aspects of growth which tend to improve the standard of living…

Q: escribe the impact of Entrepreneurship on any country’s economic progress

A: One of the major impact of Entrepreneurship is its contribution to economic growth of the country's…

Q: Why does agriculture need technological progress?

A: In any economy, primary economic sector is an agriculture sector as it is necessity for an economy.

Q: "re-development"

A: Redevelopment is defined as a process where a land which was already utilized for some development…

Q: What is a knowledge worker

A: The main capital of knowledge worker is knowledge.

Q: Why is productivity important for the economy?

A: Productivity refers to the ratio of quantity of output to quantity of inputs. It describes how…

Q: What Can We Learn from Development?

A: Economic and human factors may also be used to determine development. Developing countries in…

Q: Why are young entrepreneurs crucial to the Philippine Economy?

A: Over the past years, Philippine's Economy has experienced a major remarkable transformation. In…

Q: Why are some countries today much poorer than other countries? Are today’s poor countries destined…

A: Economic growth in a country occurs when more output can be produced within a specific time period.…

Q: Why overpopulation and unemployment affect development of a country?

A: The process of enhancing a society's economic, social, and environmental conditions is referred to…

Q: Diagram the circular flow model. Describe and give examples of each of the participants in the…

A: A key idea in economics is the circular flow model, which depicts how money, goods, and services…

Q: What does productivity growth has to do with economics?

A: One of the key sources of economic growth and competitiveness is the term called Productivity due to…

Q: Explain the topic Theory of socio-economic development by Joseph Schumpeter

A: The socio-economic factors are the employment, income, gross domestic product, literacy rate and…

Q: Write a 5 sentences essay about the socio-economic issues that the country (Philippine) is…

A: The challenges that socioeconomics addresses, as well as the elements that have a detrimental impact…

Q: conomics what are planned economy systems and how are they different?

A: It refers to a way or method by which an individual or the society Organize and manages it resources…

Q: Role of education in a country development ?

A: Education is very important for a countrys development.With increase in education,human capital…

Q: What are some economic opportunities and challenges for an ageing population?

A: Meaning of Ageing Population and Economic Opportunity: Ageing Population refers that as large…

Q: Which type of economic system do you support? Why?

A: The mixed economic system, market economic system, and the command economic system are the three…

Q: of living has improved for each generation. Because future generations are expected to be better…

A: Intergenerational equity is the idea of justice anf fairness with each generation  Income inequality…

Q: Explain the idea of sustainable development.

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

Q: Islamic muamalat is based on the Islamic economic system. Analyze the features of Islamic economic…

A: An economic system is a framework that outlines the ways in which a society produces, distributes…

Q: Political economists have offered a range of explanations of economic and human development. These…

A: A developed nation, also known as an industrialized country, has a sophisticated and mature economy,…