Which country is known as the coco market of the world?
Ivory Coast leads the world in production and export of the cocoa beans. This country supplies around 33% cocoa of the world. Which continent exports the ...
Is Germany a part of UK?
Before the Unification of Germany in 1871, Britain was often allied in wartime with its dominant Prussia. The royal families often intermarried….Germany–U...
What is the difference between property rule and liability rule?
Under a property rule a person who wishes to remove the entitlement from the owner must do so in a voluntary transaction in which the value of the entitle...
How did the government intervene in the Great Depression?
After 1929, the federal government’s economic role increased substantially. The federal government under President Herbert Hoover moved promptly to try to...
Why is the dependency theory important?
The Dependency Theory analyses the internal dynamics of underdeveloped countries and relates their underdevelopment to their positions in the internationa...
How did the Green Revolution affect the economy?
The Green Revolution has facilitated institutional and social changes in rural areas and provided opportunities for self-sustaining economic growth and re...
What are some problems that agricultural workers face?
Problems of Agriculture Labour: Marginalisation of Agricultural Workers. Wages and Income. Employment and Working Conditions. Indebtedness. Low Wages for ...
What were some political economic and social reasons for the manifest destiny?
Social Reasons Anglos believed that they are bringing civilization, democracy and technology to the west. Americans associate land ownership with wealth, ...
What is an example of an LDC?
In the 47 years that the LDC category has existed, only five countries have graduated: Botswana, Cabo Verde, Equatorial Guinea, Maldives, and Samoa. The c...
What is the main goal of a market economy?
A market economy functions under the laws of supply and demand. It is characterized by private ownership, freedom of choice, self-interest, buying and sel...
