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...Read More >>
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...Read More >>
Answer: Introduction – An Overview Of Japan The economy of Japan is the second largest developed economy in the world which has the third highest amount of nominal GDP. It is also ranked fourth with respect to purchasing power parity. In terms of per capita GDP also, the country records one of the highest numbers in the world. The economy of Japan is mostly noted for its manufacturing industry and it is ranked third in terms of automobi...Read More >>
Answer: A commendable economic performance of Singapore has turned it a developed nation in just few years. In many of the economic aspects, Singapore is even better than other developed nations in the world. Allowing openness is a major feature of this country. The economy is highly dependent on its external sector. Electronic goods, medical and pharmaceuticals product, Information Technology related goods are examples of goods exported from ...Read More >>
Answer: Introduction Singapore has a well developed and flourishing free-market economy. The country has an extraordinarily corruption-free and open environment, stable prices, as well as higher GDP per capita. As a result of the free market economy, Singapore has drawn significant investments in pharmaceuticals, advanced manufacturing, and medical technology production. The services play a vital role in the development of this country’...Read More >>
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