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There are 3 types of disequilibrium's in balance of payments:-
1) cyclical disequilibrium
2) secular disequilibrium
3) structural disequilibrium
structural disequilibrium at:-a) goods level b) at factors level
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What do you mean by structural disequilibrium in bop?
structural disequilibrium denotes change in the economic structure of any state where the balance of payment was previously favourable.
How do you correct disequilibrium?
How do you correct disequilibrium?
When do disequilibrium occurs?
dts
What are the causes for disequilibrium in bop?
Natural Factors: natural calamities such as floods, drought, earthquake etcEconomic Factors: Cyclical fluctuationsInflationCapital movementsMiscellaneous Factors: The changes in tastes, habits, fashions of the people; discovery of new substitutes for exports; the development of alternative sources of supply.Political Factors: example political instability.
What is the difference between equilibrium and disequilibrium price?
Equilibrium is when supply and demand is balanced or equivalent, whereas disequilibrium doesn't attain equilibrium which is either above or below equilibrium.
What do you mean by structural disequilibrium in bop?
structural disequilibrium denotes change in the economic structure of any state where the balance of payment was previously favourable.
How do you correct disequilibrium?
How do you correct disequilibrium?
When there is excess demand there is .?
There is the need for more products in the market.
What is metabolic disequilibrium?
Metabolic disequilibrium is one of the defining features of life. A cell with metabolic disequilibrium provides the driving force for the indispensable reactions required for life.
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When do disequilibrium occurs?
dts
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