Critically comment around 300 words :
It is generally accepted that markets work poorly in developing
countries. However, while heterodox economists make a case for the implementation of industrial policy to address market failures, orthodox economists argue that industrial policy is an invitation to corruption and rent-seeking behavior
Recently Asked Questions
- Describe the relationship between total utility and marginal utility. Explain if marginal utility can be negative. Examine the diamond-water paradox. Why are
- 14. Assume that the Bank of Canada's policy is to stabilize the interest rate. If the economy begins to expand, the Bank of Canada: A. would have to increase
- Which market is an example of a market for factors ofproduction? A. apple market B. automobile market C. computer programmer market D. furniture market E.