What type of economy is Kenya?
Kenya has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Keny...
What are the types of spill over effects?
Types of spillover effects We call these four types of spillover effects (1) externalities, (2) social interactions, (3) context equilibrium effects, and ...
Why is the drip system of irrigation is?
Drip irrigation is the most efficient water and nutrient delivery system for growing crops. It delivers water and nutrients directly to the plant’s roots ...
On which industry did the economies of Caribbean nations most heavily rely?
Caribbean islands now depend on tourism for their economy, it being referred to as “the engine of their growth”. Tourism is a huge contributor to the econ...
What is Islamic law system?
‘Islamic law’ refers to the diverse legal systems that have been and continue to be produced with the objective of being in accord with the Islamic faith....
Which top 5 countries are trading partners of India?
Largest trading partners with India Rank Country Exports 1 United States 57.7 2 China 16.61 3 United Arab Emirates 28.81 4 Saudi Arabia 6.39 Which country...
Why price collusion occurs in oligopolistic industries?
Price collusion occurs in oligopolistic industries because it allows producers to maintain economic profits, whereas price competition in the absence of c...
How many kilowatts are in an hour?
A kWh equals the amount of energy you would use by keeping a 1,000 watt appliance running for one hour. In metric, 1,000 = kilo, so 1,000 watts equals a k...
How does a society determine who will get what produced?
Each society determines who will consume what is produced based on its unique combination of social values and goals. To improve its standard of living, a...
What is your standard of living?
Standard of living refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area. ...
