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Why is economic central to an understanding of the problems of development?
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Why is economics central to an understanding problems of development?
I think because the development of a country depends upon economic factors and so you can only understand how a country is developing if you know about how the economic factors are and how the factors change. Many problems of development stem from a lack of money and economics is all about money so the two areas of developmentand economics are related. Problems of development are like not having enough money, which means too much poverty and high unemployment rates and these aspects of the problems are centralissues in economics and so economics teaches us about problems indevelopment and so we can better understand these problemsprincipally by looking at economic factors that define the problems. Its mainly money at the centre of economic problems or a lack of money and so it is effected largely by how money is distributed among people and for what purposes money uses which are central issues ineconomics. I suppose you can't understand unemployment as well as an economist understands unemployment because economists look at unemployment all the time and pay very close attention to it so economists are very good at understanding economic developmentproblems for this reason and probably other reasons. Furthermoreeconomics is a social science and is concerned with people and economic development problems also stem from people so these fields are related and understanding the one helps you better understand the other because you can build up a bigger picture.
What are the central economic problems?
the central economic problems faced by the economy are what to produce,how to produce,for whom to produce,how to achieve the fuller utilisation of resources
Role of central bank in economic development?
Central banks play a huge role in economic development. They manage a state's money supply, currency, and interest rates.
Discuss the economic problems that are likely to occur as a country moves from central planning towards a market economy?
Discuss the economic problems that are likely to occur as a country moves from central planning towards a market economy?
What was to blame for the economic and other problems in the US after the revolution?
A Weak Central Government
What was the blame for economic and other problems in the US after the revolution?
A Weak Central Government
How production possibility curve helps in solving central problems of an economy?
How does ppc help in solving basic economic problems
Why have countries in central Asia faced economic problems?
These were some of the poorest countries in the world. When they gained Independence they had a hard time standing on their own. Also economic practices during the soviet era have created problems. And central Asia is home to many types of people that have hatred for eachother , so that pretty much craeted problems.
What has the author Wisoot Wiseschinda written?
Wisoot Wiseschinda. has written: 'Social development in rural economies in the upper central region' -- subject(s): Agriculture, Economic aspects, Economic aspects of Agriculture, Rural conditions, Rural development
What has the author Paul Wilson written?
Paul Wilson has written: 'An economic assessment of Central Arizona Project agriculture' -- subject(s): Agriculture, Central Arizona Project (U.S.), Economic aspects of Agriculture, Water resources development
How does the central bank contribute to the economic development of Ghana?
*It promotes capital fomation, *Iplementation of monetary policy, *Promotion of trade and industry,
What has the author Robert G Spiegelman written?
Robert G. Spiegelman has written: 'Application of activity analysis to regional development planning, a case study of economic planning in rural south central Kentucky' -- subject(s): Case studies, Economic development, Rural development, Regional planning
