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YSS1203 Principles Of Economic  

Pages: 9 | Type : Essay

Answer: Introduction The following essay focuses on the dual sector model. It is more famously known as the Lewis model and the relevance of this model in a labor surplus economy like China. This model explains the impact of labor migration between two major sectors. The model consists of capitalist and subsistence sector. Capitalist sector refers to the urban manufacturing sector, and subsistence sector refers to the traditional agricul...

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iconPosted On : Jul 13, 2021     iconDownload : 0
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YSS1203 Principles Of Economic  

Pages: 8 | Type : Essay

Answer: Introduction The inflation rates and upcoming inflation speculation are highlighted more often in the media that it is essential to known certain fundamentals regarding inflation. Inflation describes an increase in the general level of price. Put simply, prices of several commodities including housing, food, apparel, fuel and transportation must be rising for inflation to take place in the general economy. In case price of merely a fe...

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iconPosted On : Aug 13, 2021     iconDownload : 0

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