Through encouraging more export while reducing the import as this will enable local industries to produce more and this can be done through subsidies of export,impose trade restrictions, impose tariffs on import.
Also through encouraging local industries to manufacture to final products instead of primary products as this will attract more income.
sande kevin answered the question on December 22, 2017 at 11:51
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Describe the following types of economic markets using clear diagrams. (1) Perfect competition (2) Monopoly (3) Monopolistic competition
(Solved)
Describe the following types of economic markets using clear diagrams. (1) Perfect competition (2) Monopoly (3) Monopolistic competition
Date posted:
December 2, 2017
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According to peter Schumpeter creativity is a key to determining aspects of entrepreneurship, briefly explain the qualities of a creative person
(Solved)
According to peter Schumpeter creativity is a key to determining aspects of entrepreneurship, briefly explain the qualities of a creative person.
Date posted:
December 1, 2017
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Answers (1)
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The managing director of a company, established before the dawn of independence is facing a problem. The company which was initially profitable and...
(Solved)
The managing director of a company, established before the dawn of independence is facing a problem. The company which was initially profitable and attracted very many graduates to work with is currently unprofitable. It is operating, in the MD’s opinion, inefficiently. The company offers a wide range of communications facilities including parcel services in the country, region and worldwide. Initially, the company was a monopolist but the changing world market trends and globalization; survival will be more difficult in the future. In particular, many communications and parcel service delivery companies
are bypassing its services by not only offering door to door delivery but also offering the services at affordable rates. In addition, many of the companies that have joined the communications and parcel services have stationed themselves in various strategic positions so that customers can reach at their service delivery points at ease. As a research consultant, the MD has commissioned you to undertake a comprehensive study on the firm as a whole to determine possible strategies the company can undertake to face the existing problem.
i) State an appropriate research title for the research.
ii) Identify a possible research problem from the above case study for a proposed study.
iii) Formulate three possible research objectives and three possible research questions for the
proposed study.
iv) In formulating your objectives above, what factors did you take into consideration?
v) Briefly explain some ways that you would use to improve the reliability and validity of the study
vi) Explain any four ethical considerations that you would bear in mind while conducting your
research.
Vii) Conceptualize variables in the above situation that could be used in a conceptual framework
Date posted:
November 29, 2017
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Answers (1)
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Explain the Importance of transport to the economy
(Solved)
Explain the Importance of transport to the economy
Date posted:
November 26, 2017
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Answers (1)
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According to Charles Fourier, what were the characteristics of a phalanstere?
(Solved)
According to Charles Fourier, what were the characteristics of a phalanstere?
Date posted:
November 23, 2017
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Answers (1)
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According to Charles Fourier, what are the passion of mankind?
(Solved)
According to Charles Fourier, what are the passion of mankind?
Date posted:
November 23, 2017
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Answers (1)
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State the proponents of non-scientific socialism.
(Solved)
State the proponents of non-scientific socialism.
Date posted:
November 23, 2017
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Answers (1)
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State the chief writers of Roman economic thought.
(Solved)
State the chief writers of Roman economic thought.
Date posted:
November 23, 2017
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Answers (1)
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Outline the reasons for studying history of economic thought.
(Solved)
Outline the reasons for studying history of economic thought.
Date posted:
November 23, 2017
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State and explain approaches to study of history of economic thought.
(Solved)
State and explain approaches to study of history of economic thought.
Date posted:
November 23, 2017
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Answers (1)
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What are the negative effects of declining population?
(Solved)
What are the negative effects of declining population?
Date posted:
November 22, 2017
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Answers (1)
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Discuss the causes of income inequalities in Kenya
(Solved)
Discuss the causes of income inequalities in Kenya.
Date posted:
November 20, 2017
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Answers (1)
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Explain the following terms as used in microeconomics. (a) Optimization principle (b) Equilibrium principle (c) Pareto efficiency (d) Budget set. (e) Marginal rate of substitution
(Solved)
Explain the following terms as used in microeconomics
a. Optimization principle.
b.Equilibrium principle.
c. Pareto efficiency.
d. Budget set.
e. Marginal rate of substitution
Date posted:
November 18, 2017
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Answers (1)
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List three assumptions of well behaved preferences micro-economics
(Solved)
List three assumptions of well behaved preferences micro-economics
Date posted:
November 18, 2017
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Answers (1)
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Outline the steps of the process of controlling.
(Solved)
Outline the steps of the process of controlling
Date posted:
November 17, 2017
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Answers (1)
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What are the main features of classical approach as a theory of organization ?
(Solved)
What are the main features of classical approach as a theory of organization ?
Date posted:
November 17, 2017
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Answers (1)
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State and explain macroeconomic policies used by the government to deal with macroeconomic problems.
(Solved)
State and explain macroeconomic policies used by the government to deal with macroeconomic problems.
Date posted:
November 16, 2017
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Answers (1)
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What are the sources of a research problem?
(Solved)
What are the sources of a research problem?
Date posted:
November 14, 2017
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Answers (1)
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Outline the advantages of sampling
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Outline the advantages of sampling
Date posted:
November 9, 2017
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Answers (1)
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Outline the qualities of good statistical enquiries.
(Solved)
Outline the qualities of good statistical enquiries.
Date posted:
November 9, 2017
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Answers (1)