Discuss how the present less developed countries differ from the present developed countries during their initial stage of development.

Q: Relate population growth and age structure to the level of economic development in different…

A: Population growth is a surge in total population in an economy. Age structure is known as the…

Q: Critically analyse how happiness is related to economic development

A: The process through which a country's economy expands and strengthens over time with the aim of…

Q: describe and explain the commonalities of low-income, middle-income or developing countries.

A: Low-income countries:- These are those countries whose GNI (Gross National Income) per capita is…

Q: Why are health and education so closely linked in the development challenge?

A: The term development in economics refers to the increase in the standard of living of the people in…

Q: What are the different indicators-other than per capita GDP (PCI)-which economists in recent decades…

A: Economists use various measures to assess the economic development of a country. This helps them in…

Q: Give reasons why the economically developed countries have a high value for the ranking but…

A: Economic Development is the growth of the standard of living of a nation's people from a low-income…

Q: n Bel

A: Inequalities in distribution of income and access to basic social services, productive resources and…

Q: What are some of the difficulties associated with the establishment of market economies in…

A: In a market economy, economic variables are determined by the market forces( of demand and supply).…