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Is a policy to foster economic development by limiting imports and making everything within one's own country.?
Implementing a policy to limit imports and promote domestic production can protect local industries and create job opportunities. However, it can also lead to higher prices for consumers, limited choice and quality of products, and potential trade conflicts with other countries. Finding a balance between promoting domestic industries and ensuring competitiveness in the global market is crucial.
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How can the lack of water affect development of a country?
The lack of water can negatively impact a country's development by impacting basic needs such as agriculture, sanitation, and hygiene. This can lead to food and water scarcity, malnutrition, and diseases, which in turn can affect the health and productivity of the population. Insufficient water availability can also hinder industrial and economic growth, limiting opportunities for development.
What are the demographic characterists with a country with a high level of economic development?
your a but
What is mean by economic development?
How much the economy is growing in that country
Are economic development measures standardized?
Standardized measures of economic development are used to identify the status of one's country, state, or local community.
What effect does a country's economic development have on international business?
Economic development of a country ensures that the global economy becomes more stable. It also makes international business much easier and lucrative.
. What effect does a country's economic development have on international business?
Economic development of a country ensures that the global economy becomes more stable. It also makes international business much easier and lucrative.
What information would be least helpful in measuring the economic development of a country?
hardly is something least helpful in measuring economic status of a country
What are the Bahamas limiting factors?
Some limiting factors in the Bahamas include limited freshwater resources, vulnerability to natural disasters such as hurricanes, and economic dependence on tourism. Additionally, environmental issues like coral reef degradation and coastal development pose challenges to the country's sustainability.
Why the budget is important in a country?
Budget is very essential tool for the economic development of any country.
What country's economic development benefits from its abundant energy resources?
Russia.
How economic growth is different from economic development?
Economic growth is defined by increases in GDP. Whereas, economic development is more of a vague measure usually encorporating social measures such as literacy rates or life expectancy as a means of measuring a country's level of development.
Has the Economic Development Board been a success in Bahrain?
Yes, the Economic Development Board has been a major hit in Bahrain with many of the initiatives launched, inward investment coming into the country and government institutions playing a huge role in the development of the country.
